Dive Summary:
- After laying off 101 employees in October at its New York-based headquarters, e-commerce merchant Fab.com is preparing another wave of employee downsizing.
- The company’s chief operating officer and Etsy veteran Beth Ferreira is rumored to have been fired from Fab but the online merchant has declined to comment.
- Co-founder Bradford Shellhammer recently announced his departure from the company on Nov. 1.
Dive Insight:
“With regards to the rumors [of more layoffs], it is accurate that Fab is undergoing management changes as we realign the business to execute on our 2014-2017 plan,” Fab.com said in a statement. Despite cutting the size of its New York-based staff by almost 20%, Fab.com is continuing to restructure and realign the company after announcing in October it will move away from the flash sales model.
