Portland's Schoolhouse: A Sudden Goodbye

Portland, OR — Schoolhouse, a cherished home decor store in Portland, has recently bid farewell to the majority of its workforce. This development follows prolonged financial struggles at its parent company, Food52.

A Sudden Goodbye

In a brief Zoom meeting, Food52 broke the news to employees. While the exact number of job losses remains unspecified, it was revealed that approximately 75% of the workforce has been let go, with most of these positions belonging to Schoolhouse staff. A small number of employees, including those in the union responsible for product manufacturing, remain employed.

Financial Struggles

Food52 attributed the layoffs to financial constraints rather than employee performance. The company is currently attempting to sell the business, but efforts have been unsuccessful. Additionally, the bank that provides financing has ceased support, leaving the company without funds for daily operations. As a result, significant layoffs were deemed necessary to cut costs.

A History of Challenges

This is not the first time Food52 has faced difficulties. Just a few months ago, the company laid off 40% of its workforce. Furthermore, the building housing Schoolhouse was sold. Despite ongoing efforts to fulfill orders, the future of the company remains uncertain.

Employee Reactions

Employees expressed shock at the news, expecting updates on the company's sale rather than job losses. The company's leadership cited frozen accounts due to unpaid bills as a major obstacle.

What's Next?

With financial constraints tightening and the company's future in jeopardy, the fate of Schoolhouse and Food52 hangs in the balance.