Luxury goods online marketplace The RealReal Inc. announced it has hired Todd Suko as chief legal officer and secretary.
Suko arrives weeks after TheRealReal laid off 10% of its workforce and furloughed another 15%, according to an April 14 Securities and Exchange Commission filing. The San Francisco-based retailer also told the regulator that it instituted a hiring freeze, postponed the opening of its Chicago store, and cut executive pay. The company did not freeze a limited number of business-critical roles, which includes Suko’s position, according to a spokesperson.
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