Fab.com announced that 80 to 90 people were laid off

Absrtact: Recently, the fab.com announced that the job cuts of 80 to 90 people, the company from New York, said the number of layoffs accounted for one-third of the total number of employees around the world, and the staff were laid off from their New York office. Fab said the Employees

Recently, the fab.com announced that the number of job cuts was 80 to 90, according to a company based in New York, which accounted for one-third of the total workforce in the world, and that the employees who were laid off were from their New York office.

Fab said that the staff are very good people, for the personnel move the company expressed regret, and the staff show respect. And layoffs are just one part of the company's redesign, which started last fall and continues in the weeks ahead.

In fact, this is not the company's first layoffs, in recent years Fab has repeatedly laid off a large number of employees, the company was initially a gay social networking site, but 2011 when the transition to the electricity business.

Tencent invested 150 million dollars in Fab in 2013, when its valuation was 1 billion dollars. But then there was a bad phenomenon, first in October 2013, they laid off 100 people, the same year November, and cut off dozens of people. Fab company Peak, the number of employees reached 700 people, but now only 200 people.

In the face of this, company CEO Jason Goldberg published articles on his blog, trying to defend the company, saying they are trying to save the company. To this end, in 2013 years, they have hired a new design director and two electric business managers.

Fab recently launched a series of furniture products, which is said to have achieved good results. They said that the global team will be mobilized to promote the continued development of customized furniture products business. In addition to Tencent, FAB Investors include: Atomico,menlo Ventures.