Beyond, Inc. (BYON) to cut 20% staff

On October 20, 2024, the board of directors of Beyond, Inc. (NYSE: BYON) approved a RIF affecting approximately 20% of the Company’s workforce, which is expected to be substantially implemented in the fourth quarter of 2024. These actions were taken to strategically create a more variable, leverageable cost structure and create a more streamlined organization to align to its asset-light business that supports an affinity and data monetization model with a strong technology focus. The Company estimates the RIF will result in annualized reduction of fixed costs by approximately $20 million.

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