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.
Related Content By Author
1200 Suppliers are Ready for You at Intertextile Shanghai
Home & Textiles Today eDaily
Most Viewed Articles
See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.