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Online furnishings site One Kings Lane is shutting down its LA offices, according to Re/Code. They report that One King Lane employees in LA were told yesterday that the office would shut down by the end of the year, and most, if not all, employees had the opportunity to relocate to the company's NYC office.
One source told Re/Code that the move was so the merchandising team would all be in one office to encourage growth, while another source said that, "some employees believe that company execs know a good chunk of Los Angeles-based employees won't agree to the move, and One Kings Lane will be able to cut those positions without formally announcing more layoffs." One Kings Lane also has an office in San Francisco.
It's been a tough few months for One Kings Lane, with the closing of new site Hunters Alley and layoffs of 15% of the staff in June.
· One Kings Lane Shutting Down Los Angeles Office [Re/Code]
· One Kings Lane's New Site, Hunters Alley, is Dunzo: Report [Racked]
· One Kings Lane Reportedly Laying Off 15 to 20% Of Its Staff [Racked]