Sneaker Recession?: StockX Lays Off 8% Of Its Workforce

June 29, 2022

A few weeks after the Swoosh pulled StockX’s Fugazi card and accused them of selling them counterfeit Nikes and Jordans, StockX has announced that it laid off quite a few of its employees.

According to NiceKicks, StockX had to give the pink slip to roughly 8% of their workforce citing the spiraling economy as the primary reasons for the layoffs, not because they’re the ones who authenticated the alleged bootleg Nike sneakers. Employees that were given their walking papers stemmed from various departments such as marketing, customer service, operations, engineering, and editorial. You’d think one “authenticator” would’ve gotten the boot in the process (namely whoever authenticated the kicks sold to Nike), but whatever.

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