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.

Link

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s