07:03 AM EDT, 10/23/2024 (MT Newswires) -- Beyond (BYON) said Tuesday it terminated former Chief Product Officer Carlisha Robinson without cause, effective immediately, as part of its broader staff cuts.

Beyond said the staff reduction plan was approved over the weekend, affecting approximately 20% of its workforce. The layoffs are expected to be "substantially" implemented by Q4.

The move is estimated to reduce annual fixed costs by around $20 million, the company said.

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