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San Diego- and Los Angeles-based online video site Veoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat. Quoting a "source close to the company" VentureBeat said that the layoffs would be "drastic." Tags: veoh layoff jobs video content. READ MORE>>.
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Electronics Arts is shutting down Los Angeles-based Pandemic Studios , according to an internal note leaked to gaming news site Kotaku. Tags: electronic arts games content pandemic shutdown layoff. EA bought Pandemic in 2007, in a deal worth $775M.
Amid rumors for weeks that Los Angeles-based MySpace has been planning massive layoffs, the firm said today that it is cutting 47 percent of its staff globally, or roughly 400 employees.
Hollywood-based Buzz Media the venture backed content, media, and community site, has made more cuts , this time at the firm's Idolator blog. According to a post by one of its editors earlier this month, the site has cut "pretty much all" of Idolator's contributing writers, including columnists and daily bloggers. READ MORE>>.
According to reports on gaming sites, the cuts are expected to be announced along with THQ's earnings tomorrow. If true, the layoffs would not be a surprise for the firm, which said just last week that it would be paring its efforts in kids games, completely exiting the area to focus instead on its core gamers.
Los Angeles- and San Diego-based Veoh (www.veoh.com), an online video sharing site, has laid off 20 people, or roughly 18-20 percent of the firm's employees. The layoffs occurred yesterday, when employees were notified of the move.
Santa Monica-based Mahalo , the online content and information site run by Jason Calacanis, has laid off 25 percent of its employees, according to a report today. AllThingsD, which confirmed the cuts with President Jason Rapp, said the move is part of a shift to product online videos. READ MORE>>.
Santa Monica-based Mahalo , the online human-curated news and search site headed by Jason Calacanis, has cut 10 percent of its staff, according to reports. Google said last week that it had made significant changes to its algorithm to downgrade what it considered low-quality pages, which was expected to hit "content farms".
Our startup interview this morning is with Josh Stomel , founder of ResumeBucket (www.resumebucket.com), a new web site that is focused on helping people share their resumes with the world. Stomel--who is bootstrapping the startup from his recruiting firm, NeoHire--explained the site to us. What's the idea behind the site?
Los Angeles-based Uber, the online social networking web site run by former Friendster CEO Scott Sassa, has shut down. According to the firm's web site, as of September 29, the firm's investors have decided to stop supporting the site, and the company has closed its doors. Uber blamed the crisis in the economy for the shutdown.
Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others.
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