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Rubicon Project In Major Layoff, Chops 19 Percent Of Staff

socalTECH

Los Angeles-based online advertising marketplace Rubicon Project is in a major layoff, saying in its quarterly results on Wednesday that it is cutting 125 employees, or roughly 19 percent of its workforce. According to the company, its Q3 was a "challenging quarter" for its industry and "our business in particular".

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Report: Snap Chops 100 More Employees

socalTECH

The cuts this time apparently came from the advertising side of Snap, and follows a big layoff of engineers in February. Venice-based Snap has cut another 100 of its employees , according to reports on Thursday, as it continues to trim its workforce. READ MORE>>.

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Machinima Lays Off 42

socalTECH

Machinima has had a series of layoffs , as the MCN has struggled to find the right formula to sustain its content development business. Machinima--and other MCNs--have been publicly unhappy with the slim cut of the advertising pie that actually make it back to the content creators from YouTube. READ MORE>>.

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Veoh Cuts 20 Percent

socalTECH

A spokesperson for Veoh told socalTECH that the changes affected every group in the firm, and was because the firm wanted to make smart choices early on in the game given a possible internet advertising slowdown. The layoffs occurred yesterday, when employees were notified of the move. The news was first reported by Paidcontent.

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WebVisible Cuts Staff As Mangers Steps Down, Burr Takes Over

socalTECH

Irvine-based WebVisible , which provides online advertising to small and medium sized businesses, has made a major change in its organization today, saying that it has made a fifteen percent reduction in its headcount, and shuffled its CEO. Tags: webvisible netzero kristen mangers layoff jobs employment. READ MORE>>.

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Oversee Cuts 18 Percent

socalTECH

Los Angeles-based Oversee.net is not immune to the stormy economy, and told socalTECH Thursday that is cutting 18 percent of the firm's workforce, or a total of 38 people, including some managers. Tags: employment layoff domainer oversee angeles domain. READ MORE>>.

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Spot Runner Lays Off 115

socalTECH

A spokeperson for the firm told socalTECH that the change was due to an "unprecedented change in the economic environment." According to Spot Runner, the 115 represents about 30 percent of the company.

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