https://techcrunch.com/2020/04/14/the-real-real-layoffs-furloughs/

Online consignment company The RealReal is the latest tech company to lay off and furlough employees amid the COVID-19 pandemic. In the company’s quarterly earnings report today, The RealReal announced layoffs affecting 10% of its workforce and furloughs impacting 15% of employees.

By doing so, The RealReal says it will be able to reduce its operating expenses by about $70 million. In a press release, The RealReal said these changes are designed to “support its employees through the pandemic and ensure the team is well positioned for a strong restart on the other side of this health crisis.”