The New York-based company on Tuesday dismissed about 30 of its 250 employees, according to people familiar with the matter. Online beauty startup Birchbox Inc. is parting ways with several senior executives and cutting about 12% of its staff, the second round of layoffs this year, as the company struggles with increased competition and a difficult funding market. In January, the company laid off about 50 workers.

Source: Wall Street Journal June 28, 2016 17:57 UTC