Internet TV service Joost is cutting jobs, eliminating customer service, and demoting its CEO. Joost has not announced the number of layoffs; it employs 100 people in New York, London and the Netherlands. The firm will move away from its identity as a consumer website due to competition from Hulu, and will concentrate on selling its video [...]
Continue reading...Wednesday, April 1, 2009
Web sources say that online video portal Veoh is laying off a significant portion of its staff. Sources expect Veoh to announce 80 layoffs on Thursday. The cuts would follow a 20% workforce reduction in November 2008, and the closing of its Russian office the month before. The move highlights the difficulty of operating a large online video [...]
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Tuesday, June 30, 2009
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