TechFlash reports it (here)
Seattle online advertising startup AdReady has trimmed its workforce of 40 employees over the past week in an effort to extend its cash runway until 2010.
A tipster tells TechFlash that about 25 percent of the staff lost jobs, though AdReady Chief Executive Aaron Finn said the actual number is “south” of that figure.
About: AdReady is an advertising technology company focused on making online display advertising accessible and effective for advertisers of all sizes. Through AdReady’s data-rich library of proven creative, real-time ad customization tools, and intuitive web-based interface, marketers are learning that AdReady makes it easy to build and run effective online display ad campaigns in minutes.
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You’re reading that wrong. They had 40 employees and laid off 25% of them, ~10.