VSCO has terminated about a third of its staff — joining more than 200 tech startups that have laid off employees amid the coronavirus pandemic.
Joel Flory, co-founder and chief executive officer of Visual Supply Co. , speaks during a Bloomberg Technology television interview in December 2019. On Tuesday, Flory announced VSCO is laying off a third of its staff because of the coronavirus-fueled economic downturn.Joel Flory, co-founder and chief executive officer of Visual Supply Co. , speaks during a Bloomberg Technology television interview in December 2019.
"2020 was staged to be a year where we would continue to forward invest into our business. Overnight our environment changed. We realized that we would need to shift towards running a self-sustaining business," Flory wrote. VSCO joins more than 200 startups that, together, have shed more than 20,000 U.S. employees since the coronavirus pandemic started, according toOther recent startups dependent that have recently suffered blows from the coronavirus pandemic include reviewing website Yelp, which
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