The Pro’s Closet cuts workforce 15%, citing ‘economic headwinds’

October 17, 2022

The Pro’s Closet laid off 15% of its workforce last week, the certified used bike and component retailer confirmed to BRAIN on Monday. TPC quickly expanded in size and workforce since beginning in 2006 as an eBay store. In May 2021, TPC announced it raised an additional $40 million in Series B funding that would be used to grow its workforce, among fulfilling other goals. That announcement followed TPC reporting the doubling of first-quarter sales year-over-year. It reported then that revenue more than quintupled in the past two years. BRAIN