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Fab.com Expects More Pink Slips This Week

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Fab.com is on a lay-off roll, and now they'll reportedly be handing out pink slips in upper management. Fab's chief operating officer Beth Ferreira is rumored to have already received hers.

The official statement offered to Forbes reads:

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. There will be a number of management changes involved as we streamline the organization and move to a category P&L [profit and loss] based structure.
The dead-and-buried flash sale model of Fab.com was the reason behind the first round of lay-offs, but the company won't say exactly who's to follow. If cofounder Bradford Shellhammer's stepping down is any indication, this week could prove surprising down at Fab HQ.
· Another Round Of Layoffs Is About To Hit New York Startup Fab.com [Forbes]
· Fab Co-Founder Stepped Down After Major Lay-Offs [Racked]
· Fab's Flash Sale Workers Got the Pink Slip Today [Racked]