Fab.com is still fucked. The startup's co-founder Jason Goldberg told TechCrunch that Fab, which once raised $150 million and commanded a $1 billion valuation, was burning $14 million a month before layoffs. Now the decor startup is down to just 25 employees.

There hasn't been a single piece of good news from Fab.com in a very long time. Layoffs, mismanagement, plummeting morale, and executive reshuffles have erased Fab's early rep as a cheery decor startup with tons of money in the bank. Now, the bad can't get much worse: we're hearing Fab is already starting to shut down.

We're hearing more terrible things to come from online throw pillow emporium Fab.com: a source close to the company says "Fab is going to reduce its NY office down to 20 to 25 people" (down from a few hundred) and is "selling their warehouse in NJ." That would be a complete meltdown.

When Jerry Maguire sat down in front of his personal computer in 1996 to type out a longform business sext entitled "The Things We Think and Do Not Say: The Future of Our Business," did he know that it would take 18 years for another entrepreneur to replicate that kind of startup straight talk express?

After its repeated New York blood-lettings, erstwhile design superstore Fab.com is pretty much putting Europe out of its misery: Tech.eu reports the site will now only sell custom-made furniture across the pond.

With another round of layoffs coming, a co-founder departure, and top management hemorrhaging, haute-shopping startup Fab.com needs a corporate Hail Mary. Here's CEO Jason Goldberg's plan to remake the company. If your name's not mentioned here, you might be in trouble!

According to an AllThingsD report and a Valleywag source close to the company, Fab.com is planning another sweeping round of layoffs, to be announced Friday. This time, the little people are getting hit.

After wide layoffs and a co-founder quitting, inside sources tell us things are getting even worse at the high-design warehouse: Fab's COO is out, and more are planning to follow her lead. This could be an implosion for the online shopping darling.

Fab co-founder Bradford Shellhammer, known for his lavish personal life and overseeing a lot of layoffs, has left the building, Forbes reports. This is a bad sign for a company that already had a lot of bad signs.

Yesterday, trendy online furniture and bow tie warehouse Fab canned a full fifth of its company. Here's the (leaked) email sent to everyone who wasn't fired, detailing what the company will do the day after a bloodletting:

Reuters reports that Fab.com will lay off "nearly a fifth of its workforce" starting today. The e-commerce company is cutting 101 jobs in total, including 84 people from its New York City headquarters. This is in addition to the 100 employees in Berlin that CEO Jason Goldberg laid off in July.

This isn't how it's supposed to work. If you're Jason Goldberg, with a billion dollar iPhone-case-and-throw-rug company, you get what you want. Don't like coats on the back of chairs? Threaten termination. Want to switch seats in first class? Bribe the person next to you. So why isn't it working?