Casper winds down European operations and lays off 78 people

Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21% of its corporate workforce globally. In the statement, the company said that it is winding down European operations to “concentrate on the strength of…

Casper winds down European operations and lays off 78 people

Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21% of its corporate workforce globally.
In the statement, the company said that it is winding down European operations to “concentrate on the strength of the North American business.” The action out will result in more than $10 million in annualized savings, per the company.
The company also noted that Casper’s CFO and COO, Gregory Macfarlane, will be departing from the company on May 15.
Casper said it will give impacted employees in both North America and Europe severance, extended medical coverage, career coaching and new job placement support
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