Lot18 Lays Off 25 More Employees, Halves Its Staff From 90 Last Year To 46 Today

Wine sales site Lot18 laid off 25 employees today or 35% of its staff, AllThingsD reports. In the past year, the startup has downsized from 80-90 employees to a mere 46. While its previous layoffs coincided with sections of the site folding, this has more to do with a change in the entire business model. Lot18 emerged in 2010 as a flash sales site for wine; now it's repositioning itself as a subscription company like Direct Wines. Lot18 is hoping to add some predictability to its revenue stream ...