MyPillow CEO Mike Lindell: Company was “Forced to Lay Off” 140 Workers
MyPillow CEO Mike Lindell said the company was “forced to lay off” 140 workers last week, amounting to roughly 9 percent of its staff.
The Chaska-based pillow manufacturer told Fox 9 news station that the layoffs were “very unexpected,” especially after employees received raises at the start of the year.
Around that same time, MyPillow also lost its Better Business Bureau accreditation as its rating dropped from an “A+” to an “F.” The BBB of Minnesota and North Dakota cited the company’s ongoing use of the buy-one-get-one offer as reason for the downgrade, as both the BBB and Federal Trade Commission have rules against continuous offers.
Last November, MyPillow also reached a $1 million settlement in a deceptive advertising suit out of California.
Looking ahead, Lindell told Fox 9 that the company is in the midst of producing new ads that he hopes will teach consumers the difference between “premium” pillows — which he said are those offered by phone and online — and “classic” pillows that are offered in stores.
“We have new commercials in the works,” he said, “and hope that we will be hiring again soon.”