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

Quoth D:

Fab spokeswoman Deborah Roth said earlier this week that the company would soon announce "management changes," but the additional layoffs are actually expected to affect at least 50 employees across all levels of its New York headquarters, sources said. Affected employees there are expected to be notified on Friday that they will be kept on at Fab for only three more months, according to a person close to the company. Fab's New York headquarters currently is home to between 150 and 200 employees.

Our source echoes the Friday timing, adding "they are going to let people who they lay off choose to stay on through February," and that "[Fab CEO] Jason [Goldberg] had a meeting with everyone yesterday."