Report: BitTorrent Begins Layoffs
GigaOM is reporting that pink slips have been handed to some of the employees of San Francisco-based BitTorrent. The article said that the layoffs stem from an ill-fated attempt to spin off a “consumer distribution effort” to Best Buy for $15 million, which eventually fell through.
GigaOM founder Om Malik said he thinks BitTorrent can save itself, mainly because it’s so popular, and because it’s a strong infrastructure for distributing large video files in addition to music—something that partners could eventually make good use of.
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