(Reuters) – Stitch Fix (NASDAQ) Inc stated Thursday that the company will be reducing approximately 15% of its salaried workforce as it seeks to return to profitability.

The impact of war in Ukraine and decades-high inflation have forced Corporate America into a hiring freeze or to lay off employees.

Stitch Fix laid off nearly 4%, or about 330, of its roles. Most of these positions were in non-technology corporate styling and leadership roles. Elizabeth Spaulding, chief executive officer, said that.

We had to take this decision to ensure that we are positioned for profitable growth. Spaulding shared this message with Stitch Fix employees. “There will be hard choices along the path, and that is one of them,” Spaulding said.

In afternoon trading, shares in Stitch Fix fell nearly 11%