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In the frantic, up-and-down world of the Web, one of the more recognized interactive shops has hit a rough patch. Last week, Avalanche Systems, New York, laid off five junior designers and producers while three senior managers resigned. The departures cut its full-time staff to 41, after Avalanche had expanded from 20 to 48 employees in 1996.
Avalanche is having cash flow problems, according to sources, partly to pay for its growth spurt. The company has moved into newly renovated loft space in lower Manhattan, with employee Land Rovers parked outside.
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