Casper Sleep declared price-reducing steps, which include layoffs of 21% of its corporate workforce, as it seeks to grow to be successful despite the coronavirus crisis.
The bed-in-a-box pioneer will also wind down its European operations as part of an effort to lessen operating costs by more than $ten million on an annualized foundation.
“We continue being fully commited to our timeline to obtain beneficial EBITDA profitability by mid-yr 2021,” Casper reported Tuesday in a news launch.
The price-reducing moves arrive two months following Casper went general public with an IPO that achieved with a frosty reception from investors. In