Stitch Fix plans to cut 20% of its 1,700 salaried staff and founder Katrina Lake will reassume her role as CEO after current CEO Elizabeth Spaulding steps down (Gabrielle Fonrouge/CNBC)

Stitch Fix plans to cut 20% of its 1,700 salaried staff and founder Katrina Lake will reassume her role as CEO after current CEO Elizabeth Spaulding steps down (Gabrielle Fonrouge/CNBC)

Gabrielle Fonrouge / CNBC:
Stitch Fix plans to cut 20% of its 1,700 salaried staff and founder Katrina Lake will reassume her role as CEO after current CEO Elizabeth Spaulding steps down  —  – Stitch Fix founder Katrina Lake announced the company will be cutting 20% of its salaried workforce.  — Lake will also reassume her post as CEO.