J.Crew Fires VP After Social Media Backlash

After widespread backlash for posting pictures of his partying after massive layoffs at J.Crew's corporate headquarters, the clothier's vice president of men's merchandising has been fired, a source with information on the situation told CNBC. Alejandro Rhett came under fire after posting photos to Instagram that seemingly made light of the 175 J.Crew firings that had taken place, featuring hashtags that jokingly referred to "The Hunger Games," which prompted outrage from customers and J.Crew fans on social media.