Andmore confirms employee layoffs
The B2B tradeshow organizer, formerly known as International Market Centers, has laid off some of its employees.
HIGH POINT – Andmore, formerly known as International Market Centers, has laid off some of its employees. The number of affected employees hasn’t been confirmed.
“We believe the recent changes to our team positions Andmore to continue to deliver the highest quality markets and products for our customers, while successfully navigating an evolving landscape,” CEO Bob Maricich told Furniture Today in a statement. “We did not take this decision lightly and fully recognize the impact it has on our valued team members. Our focus is on supporting those affected by providing comprehensive severance packages that include salary and benefits continuation through the transition.”
Last June, International Market Centers announced that the company was unifying its physical marketplace business and its Juniper offerings in a rebranding as Andmore, an omnichannel wholesale marketmaker. In July, it made several promotions and new hires, which it said enabled full organizational alignment with reimagined roles in operations, marketing and digital innovations.
The furniture industry has been plagued by layoffs for the past year. Some of the more notable instances include Wayfair, which laid off 1,750 employees last January, and Top 100 retailer RH laying off 440 in March.
Full-on company shutdowns have also been prevalent. Perhaps the biggest of the year was Klaussner, which shut down abruptly in August, leaving nearly 900 employees out of a job. Another of the biggest was Mitchell Gold + Bob Williams, which laid off 550 workers in August when its funding was cut off.
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