Pelton drastically over estimated demand in early pandemic and over produced inventory. Additionally could not deal with increased labor costs specifically related to product delivery. The bad press didn't help but there were serious fundamental issues with the business model and handling of pandemic demand surge.
inner-peace t1_j5eosix wrote
Reply to comment by menellinde in What High Tech and Media Layoffs Say About the Economy by PleaseThinkFirst
Pelton drastically over estimated demand in early pandemic and over produced inventory. Additionally could not deal with increased labor costs specifically related to product delivery. The bad press didn't help but there were serious fundamental issues with the business model and handling of pandemic demand surge.