New ShoeDazzle CEO Conducts Layoffs, Secures More Funding

A small shake-up at ShoeDazzle is under way, just days after its CEO was replaced with founder Brian Lee. According to a source close to the company, ShoeDazzle laid off a small number of employees today. Cuts were estimated to affect “a low double-digit percentage.” The source also confirmed that the Los Angeles-based e-commerce provider recently raised $6 million in new funding from insiders, which is in addition to the $40 million it raised last year.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work