Life in the Fab Lane
November’s supposed to be a happy time for retailers, an opportunity to separate Americans dazed by tryptophan from their hard-earned dollars with a blitz of red-and-green advertising. But we’re guessing the offices of Fab.com are pretty light on holiday spirit these days. According to AllThingsD, the company is planning still more layoffs.
That would be the third round of cuts this year. Hasn’t anyone ever told CEO Jason Goldberg about the old bandaid-ripping trick? Read More
Mr. Shellhammer sang a chipper tune on his way out the door, though. “Founding Fab was something I made in this world. And I am so very proud of that,” he wrote in a valedictory blog post, continuing: Read More
Pivot, pivot, we all fall down. Following up on Monday’s ominous memo, Fab says they’re laying off another 101 people, including 84 people from the New York office. That prunes the company’s total employees to 440 full-timers.
Fab just raised $150 million from investors including Tencent, and supposedly there’s another tranche of the Series D coming. And yet, according to AllThingsD, the company has just laid off more than a hundred of its Berlin-based employees, something like 15 percent of Fab’s total workforce, and an additional 36 are being asked to relocate to New York.
In an interview with AllThingsD, CEO Jason Goldberg spins the layoffs as part of Fab’s flash-sale-free future, swears the company is still committed to Europe and says the new investors knew this was a possibility: Read More
Yesterday, Bloomberg News pulled back the hand-embroidered curtain for a look at the office culture of Fab. It sounded like quite a tense environment, with stringent rules about the quality of paper you’re supposed to use and threats to fire people over minor infractions.
Now, in response, CEO Jason Goldberg has taken to his blog (as is his wont) to refute what he calls “blatant misrepresentations.” The rebuttal doesn’t really make Fab sound any less stressful as a workplace, though. Read More
On a recent visit to Fab’s Manhattan headquarters, we couldn’t help but notice that, with its ultra-bright colors and plentiful candy jars, the office bears a distinct resemblance to a kindergarten.
The Reddit AMA (or “ask me anything”) is a free-for-all question and answer session where big names duke it out with anonymous users masked by handles like “testees_testees_123.” It can be delightfully informative, but also delightfully weird. Some even morph into uncomfortable grilling sessions, as was the case with Woody Harrelson’s AMA, which quickly devolved into a game of rape accusations.
Fab CEO Jason Goldberg took to Reddit yesterday for an AMA following the news that the company had raised $105 million, and while his experience wasn’t nearly as torturous as Mr. Harrelson’s, Redditors certainly didn’t cut him any slack. Read More