Last.fm staff in London were celebrating their Christmas party at a venue complete with hot tub. Through today’s hangover, they heard about 20 percent are being disposed of as parent CBS Interactive (NYSE: CBS) restructures in a cost-cutting move. CBS, which splashed out $280 million in May 2007 on the social music site, confirmed to us “around 20” of its 95 staff are being laid off.
There has been a rumour that 10 out of the 89 employees at Buzznet have been laid off. Thus, 15% of the Buzznet staff are leaving. Is this because of the economic downturn?
I found it interesting that all this was done on a Friday, not good timing from an employee point of view.
Loading ...
