Just over a month after investors valued sparkly decor warehouse Fab.com as a $1 billion company, the commerce startup is laying off 100 employees, reports AllThingsD.

The cuts are focused at Fab's Berlin office, where the company says it's moving away from redundancy (of course) and backing off from Groupon-style "flash sales." Those are both smart moves, but won't do anything to reassure investors about their recent, very large investment, or quell worries that Fab just can't sell enough canine bow ties to justify its existence.

This is terrible news for anyone affected, but maybe there won't be as many jokes about getting canned around the office, now.