Layoffs at Hearts on Fire

January 12, 2009

Well, we may have to get used to this kind of announcement… Hearts on Fire laid off a number of employees last week; truly a sign of the times. CEO Glenn Rothman just sent me the following statement…

Hearts On Fire continued to grow its Team during the first 8 months of 2008 based on continued sales growth in the first 3 quarters of 2008. But the business changed suddenly on September 15th when Lehman Brothers failed. Based on the change in sales levels for the 4th quarter we were forced to re-size last week to early 2007 levels. We did what was needed to properly manage the Brand and look forward to restoring the magic of momentum as soon as the business environment allows.

Posted by Rob Bates on January 12, 2009 | Comments (2)

January 14, 2009

In response to: Layoffs at Hearts on Fire
alwaysask commented:

OK, so "Ash" claims to be reporting again on another jewelry industry firm that seems to be hiring - who are they? What will they sell? Need more details, not rumor.

January 12, 2009

In response to: Layoffs at Hearts on Fire
Ash commented:

There is another company called Paragon Lake down the street from HOF that seems to be listing a lot of new hires. In fact I just heard a rumor that they are hiring an executive from Lazarre. I know this is my second time mentioning this company but sometimes it would be nice to hear something positive.

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