The RealReal Lays Off, Furloughs Staff in COVID-19 Wake

Though the secondhand market is likely one of the fashion industry's best bets in the wake of the ongoing COVID-19 pandemic, it's not by any means immune, as TechCrunch relayed. Luxury resale site The RealReal has announced substantial staff layoffs and furloughing in response to the devastating global epidemic.10% of The RealReal's workforce has been laid off, while 15% of remaining staff is now furloughed in a bid to offset estimated losses of over $70 million USD. Various concerns had already...