https://layoffcheck.com/companies/farfetch Layoff and WARN notices reported for Farfetch. en-us https://layoffcheck.com/companies/farfetch#2024-02 https://layoffcheck.com/companies/farfetch#2024-02-960 Fri, 16 Feb 2024 12:00:00 GMT Farfetch began redundancy consultations on February 16, 2024 for an estimated 2,000 employees, 25% of its global workforce, shortly after luxury e-commerce rival Coupang completed its acquisition and rescue of the company. New ownership drove the restructuring, with Farfetch describing the cuts as "a necessary decision to secure the future of our business" and committing to operate from a position of financial strength. Teams hardest hit included product design and Farfetch Platform Solutions, the company's suite of commerce technology for luxury brands and retailers. The announcement coincided with founder and CEO Jose Neves stepping down, along with the departures of the CFO, CPO, chief platform officer, chief marketplace officer, Americas president, COO, CMO, and Browns CEO. Consultations for Portugal-based staff started February 16, with the UK and other regions following on February 19. No specific severance terms were made public.