I've been reading business articles about Birchbox that keep referring to the fact that they've laid off 50 of their 300 employees. I wonder if this is in addition to the 15% of the staff they laid off earlier this year.
I haven't subscribed in months because I just got tired of paying $10/month for disappointment.
The FB Live stuff has been god awful and the quality of their social media content hasn't been great either so I've stopped following them.
Remember when they used to post high quality videos on how to use products, various tutorials, etc? For the last few years, the quality of their online magazine/videos has really gone downhill.
The Wall Street Journal just posted an article today about Birchbox, and it sounds like they are on the verge of going under! VC funding has dried up, and they have consolidated to one floor and laid off staff. Plus, they are no longer planning to expand their brick and mortar stores. Which is weird, since the interview Katia gave last week said they wanted to sell more full size and focus on stores. This all just seems desperate and chaotic. They've even said that sub boxes make up most of their revenue, but now they are losing tons of subscribers. I just don't get it.....
After reading that article, it looks like I should hurry up and make some purchases using my points and then walk away. I am really sad about it, as birchbox was such a fun way to discover and play with new products. I bought a lot of full sized things from birchbox once I'd had a chance to try them first, and have spent a whole lot of money in their shop only because of the sample box. They keep commenting that they still want people to review samples, and now making it seem like they'll use our reviews to do a better job curating individual boxes...I think that's totally bogus. I would bet they need reviews in order to get companies to give them free or low cost samples, in exchange for market research.
I don't want to ramble on, but their social media response has been terrible. Posting generic replies, using tricky wording, adding smiley faces and 'xx' when they are confirming the bad news. Ugh.....I have lost a lot of respect for this company. I'm sticking with my two accounts through next month, to see how this all plays out. But, I am worried that any day now they will have to close shop and it will be without warning. If revenue is already tight, losing subscribers, giving refunds, and everyone cashing out points can't be helping their funding issues.