Former Amazon aggregator, Thrasio, is undergoing a significant shakeup in its leadership amidst Chapter 11 bankruptcy proceedings. CEO Greg Greeley and several other senior executives, including the finance chief and technology head, announced their resignations. This follows Thrasio’s initial filing for bankruptcy in February due to factors such as fading pandemic-driven e-commerce surge, unsold inventory accumulation, and excessive debt. The company plans to lay off employees at various levels to reduce operational expenses and meet financial obligations. Thrasio is also considering selling off certain brands to streamline its portfolio. The Unsecured Creditors Committee is currently investigating the loss of over $3 billion in value by Thrasio in a short period.