Posted 3/14/2024, 5:48:44 PM
Outdoor Voices Closing All Stores, Employees Blindsided by Layoffs and No Severance
- Outdoor Voices closing all 16 retail stores and moving fully online
- Employees notified of layoffs and store closures via Slack message on Wednesday
- In-store prices slashed 50% as stores prepare to close by Sunday
- Employees surprised by news and not offered severance
- One employee offered $500 to work until end of week; felt like "slap in face"
- Founded in 2012, company drew millions in funding, hitting $110M valuation in 2018
- Valuation dropped to $40M in 2020, CEO Ty Haney stepped down
