Tech talent is still in demand but outsized salaries may be disappearing [CNBC]
Stitch Fix, Inc. - Class A (SFIX)
Last stitch fix, inc. - class a earnings: 3/9 04:05 pm
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US:NASDAQ Investor Relations:
investors.stitchfix.com
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Source: CNBC
Even so, demand for tech talent remains strong, with U.S. employers posting 1.1 million tech job openings in the first quarter of this year. Experts expect to see less cash and more equity in compensation packages, especially from start-ups, as these companies look to conserve cash in a difficult economy. The slumping stock market, and the punishment being doled out to tech companies in particular, is poised to reshape pay packages despite the demand for tech talent remaining strong. Each day brings a fresh wave of slumping stocks, hiring freezes and slowdowns, or outright layoffs from companies that a year ago couldn't hire people fast enough. Earlier this week, Spotify CEO Daniel Ek sent an email to employees explaining that the company is slowing hiring by 25%. Crypto exchange Coinbase announced it was cutting 18% of its workforce . And within the past month, Stitch Fix eliminated 330 positions, representing 15% of its staff , and buy-now-pay-later firm Klarna laid off 10% o
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SFIX
News
- Stitch Fix: Retention Strategies May Prove Costly (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Stitch Fix (SFIX) Gains on Operational Efficiency, Innovation [Yahoo! Finance]Yahoo! Finance
- Stitch Fix Cuts Over 2,000 Employees And Replaces Them With ChatGPT, Giving Them Option For Part-Time Or To Leave [Yahoo! Finance]Yahoo! Finance
- Fashion Workwear Brand Argent Helps Women In Every Field Drop-Kick The Glass Ceiling [Forbes]Forbes
- Top 4 denim trends for spring, according to fashion experts [CNN]CNN
SFIX
Earnings
- 3/4/24 - Miss
SFIX
Sec Filings
- 4/19/24 - Form 4
- 4/18/24 - Form 144
- 4/4/24 - Form 4
- SFIX's page on the SEC website