Allbirds, the San Francisco-based DTC footwear brand that went public in 2021, confirmed that it is laying off 23 employees. The layoffs were first posted on startup layoff portal Layoffs.fyi and then reported by SFGATE.com. “We have thoughtfully evaluated roles and processes in each department, and each market, to ensure our operating structure is set up for the next phase of growth,” a spokesperson told SFGATE. “In this process, we looked for ways to streamline workflows, reduce duplicative efforts, and put past learnings and operational insights into practice.” Allbirds employed 710 people as of December 2021, meaning the layoffs represent roughly 3 percent of the company’s workforce. The company’s last two quarters looked quite robust: $97.2 million in revenue in the fourth quarter of 2021 and a 27 percent year-over-year increase in full-year revenue, and $62.8 million in revenue in the first quarter of 2022, a 26 percent increase over the same period last year. However, as of Tuesday of this week, Allbirds shares are down about 70 percent year-to-date.

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