Zulily is trimming its workforce again.
The Seattle-based e-commerce company laid off more employees on Tuesday. It’s unclear how many people lost their job. We’ve reached out to the company for more details.
Affected employees told GeekWire they did not receive severance.
The company has gone through multiple rounds of layoffs over the past year-and-a-half, including two rounds under its new owner Regent, a Los Angeles-based private equity firm.
The latest cuts come just after CEO Terry Boyle announced internally his decision to leave the company, effective Oct. 31.
Zulily previously laid off staff in June, and did not provide severance for employees who were let go at that time, according to affected workers.
An engineering manager who was laid off this week said the company “is teetering on being unable to make payroll,” according to a post on LinkedIn.
Regent purchased Zulily in May from its previous owner, QVC parent Qurate.
GeekWire reported last month that several vendors weren’t getting paid by Zulily following the Regent acquisition.
Other Regent entities including Pearson Online Learning Services have also reportedly gone through layoffs this year.
In a May press release announcing its acquisition, Regent said it planned to grow Zulily’s business in new markets. Regent’s portfolio includes Club Monaco, Dim Paris, and Redline Bicycles, among others. It has acquired more than 30 businesses since 2015.
Zulily was already struggling under Qurate before the sale to Regent. It reported a 17% drop in revenue during the first quarter, to $192 million, and a $43 million operating loss.
Zulily laid off employees in March to help cut costs, and had another round of layoffs a year ago.
The company’s PR representatives have not responded to multiple GeekWire inquiries over the past several months.
Zulily last week published a press release about its new partnership with “Queer Eye” star Jonathan Van Ness.
Founded in 2010, Zulily got its start by offering daily deals on products for moms and kids, and later expanded its product selection. The company went public in 2013. Qurate paid $2.4 billion to acquire Zulily in 2015.
The company is giving up its headquarters lease on the Seattle waterfront.
