Rent the Runway Cuts 10% of Corporate Staff

With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff.The company plans to let go of about 10% of its corporate employees, it said in a Tuesday (Jan. 9) regulatory filing.That filing also reveals that Chief Operating Officer Anushka Salinas will step down Jan. 31, with Co-founder and CEO Jennifer Hyman set to fill Salinas’ duties.“The Company expects to incur charges of approximately $3 million to$4 million for the Restructuring Plan, substantially all of which is expe ...