Breaking: Casper lays off 78 corporate employees, winds down Europe business

Casper is the latest direct-to-consumer startup to announce significant layoffs in the midst of the COVID-19 crisis. Today, the six-year-old brand laid off 78 employees from the corporate team, which makes up 21% of its total corporate workforce. The company is also winding down its European operations and its 31-person headquarters in Germany, according to…

Breaking: Casper lays off 78 corporate employees, winds down Europe business

Casper is the latest direct-to-consumer startup to announce significant layoffs in the midst of the COVID-19 crisis. Today, the six-year-old brand laid off 78 employees from the corporate team, which makes up 21% of its total corporate workforce. The company is also winding down its European operations and its 31-person headquarters in Germany, according to a person familiar with the matter. The other employees who were laid off came from various departments, including marketing and product development. According to a statement from the company, this will result in “more than $10 million in annualized savings, and are part of the company’s overall focus on achieving profitability.” Greg Macfarlane, Casper’s CFO and COO, will depart the company in May.This follows news on March 30 that t
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