Online clothing retailer ModCloth, which specializes in vintage designs, recently laid off 15 percent of its staff, or approximately 70 employees, TechCrunch reports. The layoffs affected employees at all three company offices, in San Francisco, Los Angeles and Pittsburgh.
Last year, Fast Company named ModCloth one of its "Most Innovative Companies 2013," and reported that the company was growing at over 50 percent annually. Founders Eric Koger and Susan Greg Koger also recently raised over $25 million, funding an expansion of the company.
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