Rent the Runway to cut 10% of its workforce

Rent the Runway Inc (NASDAQ: RENT) is in focus this morning after announcing a major restructuring that includes lowering its headcount.How many employees will be laid off?Copy link to sectionThe eCommerce platform says it will lay off 10% (roughly) of its corporate employees to focus its spending on growth initiatives that support its profitability goals. Anushka Salinas also stepped down as the chief operating officer and president of Rent the Runway on Tuesday.  CEO Jennifer Hyman will assume both roles ...