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July 19, 2012 10:33 pm GMT
Lot18, the New York-based startup that runs a members-only website selling high-end wine, will be shutting down its UK operations at the end of this week and laying off the six employees that worked there. Lot18 launched its UK operations just four months ago, in early March.It's looking like Lot18 has had a classic case of growing too much, too soon: This is its third bout of layoffs so far this year.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1ETNj9nKA5A/
Wine Site Lot18 Downsizes Again: UK Operations To Shut Down This Week
Lot18, the New York-based startup that runs a members-only website selling high-end wine, will be shutting down its UK operations at the end of this week and laying off the six employees that worked there. Lot18 launched its UK operations just four months ago, in early March.It's looking like Lot18 has had a classic case of growing too much, too soon: This is its third bout of layoffs so far this year. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1ETNj9nKA5A/
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