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Bonobos lays off staff as Walmart seeks to cut its ecommerce losses

Walmart Inc.-owned Bonobos is laying off a number of employees. The move is part of Walmart’s broader push to rein in its ecommerce losses that are expected to reach $1.7 billion this year, according to Morgan Stanley estimates. That’s up from an estimated $1.4 billion last year. “We made the difficult decision to part ways […]

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