The design e-commerce site says the cuts are due to its recent decision to transition away from its flash-sale business model.
Niklas Zennström and Janus Friis' company Atomico is looking for early-stage companies that can provide "outsized returns."
The social marketing company continues to grow with new brands and strategic investors important to its mobile efforts.
The rapidly growing e-commerce site, which is based in New York, will increase its focus on consumers in India.
Now available, the sleeve lets you connect to the company's 4G network and make free calls via Skype and any other voice-over-IP application.
The design-focused shopping site has plans for global expansion, faster shipping time, and more products after it scores millions in a third round of funding.
Rovio, the company behind the wildly popular Angry Birds franchise, has secured its first investment round as it looks to spread the rage.
Skype co-founder leads the round and joins the board at Stockholm-based Wrapp, which lets friends and family give, receive, and redeem digital gift cards using their mobile devices. The money will be used to launch the service in the U.S. and U.K.
The Angry Birds maker is said to be in talks with "a company in the entertainment business" who's looking to invest an amount that would put Rovio's valuation north of a billion dollars.
The LinkedIn co-founder brings firepower to Wrapp, a social gifting startup that's about to launch in the U.S.