Layoff 2024 Chewy. Chewy stock is down more than 40% year to date. Chewy decided to lay off 200 employees to consolidate its headcount and align efforts with priorities that would generate significant customer wins and high business returns.

The gross margin expanded 80 basis points (bps) to 29.3% compared with 28.5% in the third quarter of. The tech sector has undergone a seismic workforce shift in 2024, with over 130,000 job cuts across 457 companies.