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Lyst To Lay Off 25% Employees

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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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