8 Reasons Why Zulily Laid Off Employees

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Office Closure

Zulily is closing three offices, including its Seattle headquarters, as part of a downsizing strategy.

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Warehouse Shutdown

Plans to shut down warehouses in McCarran, Nev., and Lockbourne, Ohio, in February of next year.

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Employee Layoff

The company is laying off a significant number of employees, with 292 in Seattle alone, according to the Washington state WARN filing.

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Regent Acquisition Impact

The layoffs come after private equity firm Regent acquired Zulily in May from QVC parent Qurate.

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Previous Layoff

Zulily already experienced two rounds of layoffs earlier in the year following the Regent acquisition.

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Financial Struggle

The company faced financial challenges, reporting a 17% drop in revenue during the first quarter and a $43 million operating loss.

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Business Model Change

Zulily's unique business model, where it sold products on its site before ordering them from vendors, faced challenges.

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Leadership Change

Former CEO Terry Boyle announced his decision to leave the company in October, adding to the company's leadership uncertainties.

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