Archewell Cuts Operations Amid Significant Revenue Decline
SOURCENews reportView the filing ↗
What we know
Location: Los Angeles, California, USA.
Based on news reporting.
Summary
Archewell, the organization founded by Prince Harry and Meghan Markle, has laid off approximately 50 employees as part of a significant restructuring effort due to staggering revenue losses. The layoffs are part of a broader strategy to streamline operations and address financial challenges faced by the organization. This decision reflects the ongoing difficulties in maintaining sustainable operations amidst changing market conditions. The layoffs occurred in early October 2023, impacting various roles within the organization. Archewell's leadership has indicated that these changes are necessary to ensure the long-term viability of their initiatives.
LayoffTalk has tracked 4 layoff events at Archewell since December 2023, with 4 additional events known from news reporting.
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