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BitTorrent cuts staff, replaces CEO again

10 November 2008 0:29 by James "Dela" Delahunty | 4 comments

BitTorrent Inc. has had a rough year. The company looking to make revenue from Bram Cohen's file sharing software is just another company struggling in today's turbulent economic climate. The company announced on Firday that it cut about half of its staff, and replaced its CEO Doug Walker. The company already experienced a 22% layoff back in August this year.

Eric Klinker, Chief Technology Officer (CTO) has been named as Walker's replacement. He has "two decades of networking, content delivery, and management experience." Walker had left Alias Systems just last year to take up the CEO position at BitTorrent.

"Klinker has...been instrumental to the continued development of the BitTorrent client, BitTorrent's Delivery Network Accelerator (DNA) content delivery service, BitTorrent's Software Development Kit (SDK) and BitTorrent's proprietary advanced congestion control technology. The latter has been at the center of BitTorrent's influential discussions and well-publicized collaboration with Comcast Corporation, as it seeks to deploy a protocol-agnostic network management solution." A BitTorrent statement read.

According to the Times, the company is planning to shut down its BitTorrent Entertainment Network media store.

Permalink to this article

File-sharing site Admin receives fine and 6 month sentence (12 April 2009)

Vertor offers index of verified torrents (16 January 2009)

BitTorrent shuts down download store (7 December 2008)

BitTorrent tracker Araditracker shut down (30 August 2008)

BitTorrent in trouble - one fifth laid off (7 August 2008)

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DXR88 (Senior Member) 10 November 2008 1:02
yep, you sold yourself out to the RIAA/MPAA. Now your paying for it. reminds me of a song (you don't know what you got till its gone,cut down a forest to put up a parking lot) [ + quote]
mspurloc (Member) 10 November 2008 1:24
Yeah, it's bad everywhere now. Our (American) company laid off over a thousand people when it looked inevitable that Obama would win. In BitTorrent's case, it's not that surprising, though. They never had a realistic business model and their profit motive wasn't there. [ + quote] This message has been edited since posting. Last time this message was edited on 10 November 2008 1:28
NamelessN (Newbie) 10 November 2008 17:22
*Originally posted by DXR88:* yep, you sold yourself out to the RIAA/MPAA. Now your paying for it. reminds me of a song (you don't know what you got till its gone,cut down a forest to put up a parking lot) Off topic, isn't it "paved paradise and put up a parking lot"? Or maybe there's another version I haven't heard. Dunno. [ + quote]
DXR88 (Senior Member) 10 November 2008 18:23
*Quote:* Off topic, isn't it "paved paradise and put up a parking lot"? Or maybe there's another version I haven't heard. Dunno. Why Yes, Yes it is. u sir deserve a cookie. [ + quote]