Poshmark laid off an undisclosed number of employees this week.
The job cuts came as the company restructured following its acquisition by Naver.
South Korean internet firm Naver officially acquired Poshmark for $1.2B in January.
- Poshmark emphasized the scaling potential and technological investments that would come from its deal with Naver.
- Naver said when the deal was first struck that the merger would not result in layoffs.
- Poshmark told TechCrunch that it cut its workforce this week.
- A company spokesperson said under 2% of the company's employees were laid off, primarily in the U.S.
