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UK-based fashion e-commerce site Lyst is laying off 25% of employees as part of a more significant restructuring to conserve cash flow and move to profitability.
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As per an internal memo seen by TechCrunch, nearly 85 people are being contacted who will be "impacted by this exercise."
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Last year, Lyst raised $85 million at a $700 million valuation.
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That's the summary but not the end. We have a gift for you on the last slide!
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To celebrate 250K Followers, We're giving away up to $250.
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Visit the link given in the next slide, take part in the giveaway and get a chance to win up to $250.
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