After CEO Departure, Mobile Video Startup Viddy Cuts Staff By More Than A Third

It was just a year ago that Viddy was flying high, quoting massive user growth and raising a massive $30 million round of funding from NEA, Goldman Sachs, Khosla Ventures, and Battery Ventures. Viddy confirmed that it reduced its workforce, specifically in the areas of marketing and operations. The company has cut 12 positions, which is more than a third of its staff based upon what we've heard.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Mimsaiwouhw/

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