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Online auction startup Everything but the House cutting 212 local jobs

Global expansion scaled back
Posted: 4:50 PM, Apr 10, 2018
Updated: 2018-04-10 23:44:22Z
Online auction startup Everything but the House cutting 212 local jobs

CINCINNATI -- Celebrated Cincinnati startup Everything but the House plans to eliminate more than 30 percent of its local jobs by June as it focuses on eight of its strongest performing markets and phases out contracts in others.

"This is part of a deliberate strategy by EBTH to double down on the customer experience," said spokeswoman Brittany Sykes. "We are setting ourselves up for greater success in the long term by focusing our efforts on perfecting the customer experience in fewer markets in the short term."

The cutbacks come just a few weeks after the company replaced CEO Andy Nielsen with Scott Griffith, former CEO of the car-sharing company, Zipcar.

Sykes said 203 of the job reductions will take place at a processing center in Blue Ash, while nine other positions are being trimmed at the company's downtown headquarters. Sykes said last month that EBTH had 594 Cincinnati employees.

The online-auction company received tax credits in 2016 to encourage the expansion in Blue Ash and in 2015 to encourage 40 new jobs at its downtown headquarters. When it announced the Blue Ash expansion, the company said it would hire 275 new employees so it could expand the number of cities in which it operates from 19 to more than 30.