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| 1mThe Good Glamm Group lays off 150 employees, restructures business ahead of IPO
Good Glamm Group, a content-to-commerce platform, has laid off around 150 employees, or 15% of its workforce. The restructuring is part of the company's efforts to integrate various acquired businesses and optimize operations. The company has implemented an Agile Organizational Framework to enhance efficiency and decision-making. Several individuals have been promoted to senior roles. Good Glamm Group is also preparing for an IPO in 2025 and is raising $70 million in a Series E funding round. The company aims to achieve profitability and expand internationally, including a joint venture with Serena Williams to launch Wyn Beauty in the US market.
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