Bonobos lays off staff as Walmart seeks to cut its ecommerce losses
Zak Stambor
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 […]