What's the reason why SavageXFenty Laid off a lot?

What's the reason why SavageXFenty Laid off a lot. Amidst the echoing halls of the once-booming fashion industry, whispers spread like wildfire. An ominous hush concealed the true reason why SavageXFenty laid off a lot. Rumors suggested financial instability, a dwindling customer base, or perhaps an ill-fated decision by the board. But the truth, cloaked in secrecy, remained confined within the high walls of the elusive fashion empire. Employees became mere statistics, faces losing both identity and purpose. The lavish offices turned into ghost towns, as lingering shadows whispered tales of the company's demise. The fate of SavageXFenty, once a shining star in the industry's galaxy, floated adrift in an uncertain cosmos.