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Warby Parker Cuts Sales Forecast, Corporate Staff as Consumers Delay Purchases

·3 min read
Warby Parker Cuts Sales Forecast, Corporate Staff as Consumers Delay Purchases

Warby Parker said it cut 15% of its corporate staff and lowered its sales outlook for the year as the eyeglasses maker copes with consumers changing their shopping habits amid economic uncertainty. The job cuts affected roughly 63 employees, the company said on Thursday, adding that it had made other spending cuts. Warby Parker pulled back on its marketing spending during the June quarter, executives said, responding to softening demand and lower foot traffic at its stores.