Alejandro Rhett, J.Crew's vice president of men's merchandising, spent the evening posting bar pics after saying goodbye to 175 co-workers.

Looks like a fun party, if you can afford it. (via NY Post)

If you're not keeping up with the inner workings of corporations that sell variations on tan pants, you probably don't know that J. Crew isn't doing so hot. Their most recent earnings report showed they'd suffered an overall operating loss of almost $521 million. That's a lot! People's hunger for beige sweaters is waning. One of the direct outcomes of this report was 175 lay-offs around the J. Crew offices. That's a lot, too! Think of all those people going home to tell their families and pets and lovers that they've been laid off.

Sources: New York Post | NY Mag