Viddy Lays Off a Third of Its Staff

Viddy, a video-sharing service that early handicappers had leading Vine, has eliminated 12 positions, or one third of its total Los Angeles-based staff.

Viddy, a video-sharing service that early handicappers had leading Vine, has eliminated 12 positions, or one third of its Los Angeles-based staff.

The layoffs just one month after Twitter launched Vine, a nearly identical app. Vine has been plagued with a number of bugs, but it has a sleeker user interface and has counted on Twitter’s bullhorn since it was acquired in October.

Earlier this month, Viddy co-founder Brett O’Brien stepped down as CEO.  (TechCrunch reported a rumor that O’Brien had rebuffed an acquisition offer from Twitter.)

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