Rent the Runway’s Irish arm largely spared as firm endeavours to cut staff by 10%

Firm said it was shifting more tech functions to Galway as part of a major restructuring as it seeks to deal with falling subscriber numbers

Jennifer Hyman, co-founder and chief executive officer of Rent The Runway

Rent the Runway, the fashion company whose technology operations are located in Galway city, is to cut 10 per cent of its workforce, it confirmed on Tuesday.

However, the company’s Irish employees have been largely spared with just five roles going here. Indeed, the firm is still hiring locally having recently said in an earnings call that it intended to shift more tech functions to Galway to help reduce overheads,

The New York-headquartered company, which ...