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May 22, 2014 04:26 am GMT

Fab Lays Off One-Third Of Global Headcount, Slashing New York City Staff

fabThe day of reckoning has come for Fab’s New York City office, where it is expected to have widespread layoffs due to yet another change in the company’s business model. The layoffs will affect about a third of the company’s global staff, but will be limited to New York staff. After previously morphing from a social networking site to online flash sales, now the… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/cO8kwdt1m-Q/

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