Stitch Fix lays off 20% of staff, CEO steps down

As we've seen so many layoffs a common refrain is that CEOs say "they take responsibility" but it means nothing. I thought it was interesting that at least in this case the CEO laid herself off too.

I can only see an acquisition from a private equity firm or a shutdown of this company since even startups like Thread running itself to the ground recently [0]<p>[0] <a href="https:&#x2F;&#x2F;www.thread.com&#x2F;goodbye" rel="nofollow">https:&#x2F;&#x2F;www.thread.com&#x2F;goodbye</a>