Walpole, Massachusetts-based Thrasio, an Amazon aggregator of e-commerce consumer goods companies and products, has announced a restructuring and a reduction in force that will commence May 13, 2022, and impact an, as yet unknown, number of employees. The company will replace its only remaining founder and CEO, Carlos Cashman, in August 2022.
As noted in a company-wide email…
"As you know, we've been working to execute a transformation that will strengthen the foundation we've built and ensure we're set up for a strong and sustainable future. As we've assessed the market landscape and our organization, we continue to see significant opportunities ahead, and we need to make some strategic and operational changes to ensure Thrasio is positioned for long-term success."
"Today we are sharing the news that we've made the decision to reduce the size of the Thrasio team. This is not an easy decision – especially within a culture like ours that is shaped around community and sharing. Each one of you has helped build this business. To those who will no longer be on the journey, we're hopeful and confident this is a launching pad for your next great adventure, and we'll make sure we do whatever we can to help support that transition."
"We've been thoughtful and deliberate in determining the workforce reductions that were necessary. We took a fresh look at our vision, and assessed teams, functions, people, and skill sets, mapping them to the critical areas we need going forward. As part of this effort, we've also redeployed people to contribute in areas of the organization needing their skills and experience."
"To the Thrashers who will be leaving the company: these reductions are not a reflection of you or your work. You're talented and dedicated, and any company would be lucky to have you. We deeply appreciate all you have given to Thrasio. We're committed to doing everything we can to set you up for a successful next step in your career."
"To those of you who are saying goodbye to teammates, take this time to honor and support your colleagues who are leaving. Share contacts, make introductions and find other ways to help them.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?