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July 30, 2013 07:42 pm GMT
It's been a tough week for Fab. Yesterday, word came that the company was being sued for trademark infringement and unfair competition by shoes and apparel site Just Fab, and today Fab is announcing over 100 employees will be laid off from its Berlin offices. The company, which just last month announced the close of $150 million in Series D funding, says the layoffs are meant to reduce redundancies. However, the company notes that it will have over 600 employees by the end of today's actions, and is still hiring for more than 70 positions globally.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/UbcvSZjxjww/
Fab Lays Off 150 European Employees, But Its Chief European Officer Had Already Resigned
It's been a tough week for Fab. Yesterday, word came that the company was being sued for trademark infringement and unfair competition by shoes and apparel site Just Fab, and today Fab is announcing over 100 employees will be laid off from its Berlin offices. The company, which just last month announced the close of $150 million in Series D funding, says the layoffs are meant to reduce redundancies. However, the company notes that it will have over 600 employees by the end of today's actions, and is still hiring for more than 70 positions globally.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/UbcvSZjxjww/
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