Kings Lane, one of US home flash shopping sites, has cut 79 employees

Absrtact: June 19, one Kings Lane (King Lane), a two-year American home purchase website, confirmed today that it had cut 15% of its staff during a corporate restructuring. A spokesman for one Kings Lane said the company had cut 79 employees altogether. It is known

June 19 News, the establishment of two years of the United States home Flash purchase website one Kings Lane (King Lane) today confirmed that it has been in the process of a restructuring of the company to cut 15% of the staff. A spokesman for one Kings Lane said the company had cut 79 employees altogether.

As part of the reorganization, one Kings Lane will also close its new website Hunters Alley, which was just online this January, according to people familiar with the matter. Hunters Alley, co-founder of Aliping, is a furniture flea market similar to ebay, where people can sell furniture and home furnishings directly to other people on the platform. One Kings Lane's core online mall sells only furniture and home furnishings offered by branded manufacturers.

It is said that the staff included Hunters Alley, but this has not been confirmed. Andriastanfo, Andrea Stanford, the executive responsible for leading the business, didn't lose her job.

Pincus said in an interview last year that the Hunters Alley website will be online in June 2013. But the site didn't actually get online until January this year. Dinislati Dinesh Lathi, the new chief executive, wants to refocus the company's focus on the main web site, so the Hunters Alley will soon be on the line, according to people familiar with the matter.

Because Doug Mack, a former chief executive of one Kings Lane, abruptly moved to Fantatics, the sporting goods retailer, in April of this year, she replaced him as one of Kings Lane's new handsome Dougmak. She previously served as chief financial officer at one Kings Lane and said he hoped the company would pay equal attention to profit growth while focusing on revenue growth.

According to people familiar with the matter, she has instructed executives to selectively approve their employees on business trips, one Kings Lane is currently in a loss and revenue growth has slowed.

Just 6 months ago, one Kings Lane had just completed its latest round of financing, at $112 million trillion, and it valued more than 900 million dollars in that investment. (Lin Jingdong)