AfterDawn: Tech news

BitTorrent Inc. lays off large portion of its employees

Written by Andre Yoskowitz @ 25 Apr 2015 11:00 User comments (1)

BitTorrent Inc. lays off large portion of its employees

In an effort to streamline their business and keep costs down, file sharing company BitTorrent Inc. has laid off around 40 of their 150 U.S.-based employees.
BitTorrent will move most of its resources to its Sync cloud storage and P2P tech that was released last year.

"We've recently realigned resources based on a regular evaluation of the business," noted BitTorrent. "Regrettably, this did include some employee departures. The business however, remains healthy, profitable and growing."

The company has seen its fair share of struggles in the last half decade as it tries to use the file sharing protocol made popular by pirates in the 1990s and 2000s for alternative, legal endeavors.

Source:
Buzz

Previous Next  

1 user comment

128.4.2015 18:35

AND THIS Kids....is what happens when a company tries to make money off of torrents. They start to lay off their employees....soon....they will be out of business. Don't believe me? Watch and see!

Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive