{"id":929945,"date":"2020-04-23T21:17:33","date_gmt":"2020-04-24T01:17:33","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=929945"},"modified":"2020-04-23T21:17:33","modified_gmt":"2020-04-24T01:17:33","slug":"stockx-lays-off-staff-coronavirus","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/stockx-lays-off-staff-coronavirus\/","title":{"rendered":"StockX Lays Off 12% of its Staff in Response to Coronavirus"},"content":{"rendered":"<p>The after market avenue for resellers and buyers recently announced that it will be letting go around 12% of its employees, <a href=\"https:\/\/www.inputmag.com\/style\/stockx-layoffs-12-percent-staff-cutting-costs-profit?utm_campaign=input&amp;utm_content=1587688782&amp;utm_medium=owned&amp;utm_source=twitter\" target=\"_blank\" rel=\"noopener noreferrer\">according to a report by Edgar Alvarez over at Input Magazine<\/a>. The recent measure reflects the severity of the footwear space in relation to the global economy.<\/p>\n<figure id=\"attachment_929947\" aria-describedby=\"caption-attachment-929947\" style=\"width: 710px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" onerror=\"this.src='https:\/\/www.snkrsday.com\/files\/2023\/12\/404-dead-image.jpg'\" class=\"size-full wp-image-929947\" src=\"https:\/\/www.snkrsday.com\/files\/2020\/04\/stockx.jpg\" alt=\"\" width=\"710\" height=\"473\" srcset=\"https:\/\/www.snkrsday.com\/files\/2020\/04\/stockx.jpg 710w, https:\/\/www.snkrsday.com\/files\/2020\/04\/stockx-325x217.jpg 325w\" sizes=\"(max-width: 710px) 100vw, 710px\" \/><figcaption id=\"caption-attachment-929947\" class=\"wp-caption-text\">(JEFF KOWALSKY\/AFP\/Getty Images)<\/figcaption><\/figure>\n<p>The action is in direct response to the ongoing COVID-19 pandemic as the company looks to become &#8220;more profitable&#8221; in the midst of the global economic fallout. The cuts will account for 100-150 cuts centered around its Detroit and Phoenix facilities. Earlier this month, <a href=\"https:\/\/www.snkrsday.com\/stockx-new-fees\/\" target=\"_blank\" rel=\"noopener noreferrer\">StockX announced that it would up its fees to an extra 3%<\/a> as <a href=\"https:\/\/www.snkrsday.com\/sneakers-sales-are-down-75-due-coronavirus\/\" target=\"_blank\" rel=\"noopener noreferrer\">footwear sales are down for retailers and resellers alike<\/a>.<\/p>\n<p>StockX confirmed to Input Magazine that the company will allow the individuals to keep their job\u00a0will have their jobs until the end of the April. The former employees will continue to have health coverage until October and the company is planning a severance packed for at least the next month. In addition to that, StockX told Input that &#8220;it will try to find employment for those affected in one of the other &#8216;family&#8217; companies from Dan Gilbert.&#8221; Gilbert is the owner of Quicken Loans and the Cleveland Cavaliers.<\/p>\n<p>Keep it locked here at Snkrs Day as we await a confirmation from StockX. For all of your <a href=\"https:\/\/www.snkrsday.com\/tag\/coronavirus\/\" target=\"_blank\" rel=\"noopener noreferrer\">COVID-19 news, stay tuned at Snkrs Day<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The after market avenue for resellers and buyers recently announced that it will be letting go around 12% of its&hellip;<\/p>\n","protected":false},"author":328301,"featured_media":916513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[1238825,1238826,1226835],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>StockX Lays Off 12% of its Staff in Response to Coronavirus | Snkrs Day<\/title>\n<meta name=\"description\" content=\"The after marketplace giant is set to let go 100-150 employees between its Detroit and Phoenix facilities. Learn more at Snkrs Day.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.snkrsday.com\/stockx-lays-off-staff-coronavirus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StockX Lays Off 12% of its Staff in Response to Coronavirus\" \/>\n<meta property=\"og:description\" content=\"The after marketplace giant is set to let go 100-150 employees between its Detroit and Phoenix facilities. 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