PaidContent reported music social network Imeem.com laying off 25% of staff yesterday. Here is the post.
Online music-focused social network Imeem is on the block, according to our sources, and has hired investment banker Montgomery and Co. to lead the sale. Coincidentally, we have also learned that the company is announcing some layoffs internally today—as much as 25 percent of its around 80-strong workforce. These layoffs are mainly on the technical back end and services side.
TechCrunch also post it here.
Source: PaidContent
