One Kings Lane lays off staff
June 20, 2014,
San Francisco – It’s not a good time to be on staff at a flash sale site, or whatever they are calling themselves now.
According to a report on wsj.com, ecommerce site One Kings Lane said that it cut 15% of its workforce, a move that comes less than six months after raising a new round of venture capital funding. The job cuts affect 79 employees.
Other ecommerce sites are under stress as well: New York-based Fab.comhas had multiple rounds of layoffs, including last month, when it fired a third of its remaining staff.