Yesterday, we reported that BitTorrent was laying off over 20 percent of their workforce. The original source was ValleyWag which has since updated their article with a statement from BitTorrent in which the company called the news "irresponsible journalism."
Part of the statement reads, "Contrary to published reports, we reduced less than 20% of our team and those impacted were distributed across our organization, rather than focused on a single department. Also contrary to published reports, the layoffs were unrelated to any ongoing discussions to divest a portion of our business."
From what can be assumed from the statement, a large percent of workers were indeed laid off, but not as high as the percentages posted yesterday. In addition, they were from across the board and not only in the marketing division, as was originally posted.
The company continued by pimping its "DNA" service and says high demand will mean less likelihood of layoffs for the future. "BitTorrent is seeing healthy demand for its Delivery Network Accelerator (DNA) service and its Software Development Kit (SDK), which brings rich Internet media to the TV. We are working with many online video, gaming, software and hardware companies to integrate BitTorrent technology. As such, our top priority is to deliver the most valuable and efficient solutions to the BitTorrent community and technology marketplace," the statement concluded.
From what can be assumed from the statement, a large percent of workers were indeed laid off, but not as high as the percentages posted yesterday. In addition, they were from across the board and not only in the marketing division, as was originally posted.
The company continued by pimping its "DNA" service and says high demand will mean less likelihood of layoffs for the future. "BitTorrent is seeing healthy demand for its Delivery Network Accelerator (DNA) service and its Software Development Kit (SDK), which brings rich Internet media to the TV. We are working with many online video, gaming, software and hardware companies to integrate BitTorrent technology. As such, our top priority is to deliver the most valuable and efficient solutions to the BitTorrent community and technology marketplace," the statement concluded.
