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“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.
We hired the ex-CTO of Sears, and other senior executives out of Disney in software. So, I've been hiring people and creating an organization around that. I'm now looking at hiring some traditional analysts and infrastructure employees, to facilitate a much bigger fund than the $20M we have in the near term.
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