Stitch Fix to Cut 20% of Salaried Workers as CEO Steps Down

Founder Katrina Lake to serve as interim top executive
Company will also close Salt Lake City distribution center

Stitch Fix CEO Elizabeth Spaulding
Photographer: Lauren Justice/Bloomberg

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By Olivia Rockeman

January 5, 2023 at 4:05 PM UTC

Updated on

January 5, 2023 at 4:34 PM UTC

This article is for subscribers only.

Stitch Fix Inc. said Thursday that it will cut about 20% of salaried employees and that Chief Executive Officer Elizabeth Spaulding will step down.

Spaulding, who became CEO in August 2021, will be replaced by founder Katrina Lake in the interim while the company searches for a successor. Stitch Fix, a San Francisco-based online personal styling platform, also said it will close its Salt Lake City distribution center.