T-shirt company Threadless has cut staff and dropped some projects “that weren’t clear winners.”
“We know now where we need to be investing our time and effort, and I believe these are the key projects that will propel Threadless forward,” founder Jake Nickell wrote in a post on the company’s blog.
Crain’s Chicago Business reports Threadless eliminated 23 of 84 jobs and closed its store at 3011 N. Broadway.
Threadless was once featured on the cover of Inc. magazine in an article titled “The Most Innovative Small Company in America.”