Online Design Store Fab Lays Off One Third Of Its Staff

Online design store Fab is on a serious cost cutting spree. As part of the same, the company has given the pink slip to one third of its global workforce, limited to employees working for them in New York. The layoffs come after the company decided to modify its business model to become more profitable. Fab started off as a social network to an online flash sale store to its present avatar, a design store.




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