Two weeks ago I reported on layoff rumors concerning a local technology firm. The rumor has been confirmed.
“DURHAM, N.C. – Motricity, a fast-growing global provider of mobile content applications for telecommunications providers, is preparing to lay off many of its 650 employees, sources tell WRAL Local Tech Wire and WRAL.com.
Motricity declined to comment on the report.
However, multiple sources said layoffs could affect 200 or more people. Motricity currently has 350 employees in Durham.
Sources also said that Motricity is considering moving its headquarters out of Durham to Bellevue, Wash.
The moves are part of a consolidation of two companies – Motricity and the mobile information business unit of InfoSpace, which Motricity acquired for $135 million in October. The deal closed in January. The InfoSpace group is based in Washington.”
To be exactly accurate, the rumors I reported were three-fold – that it would cut 200 of its 350 employees, that its businessmodel is not working, and that it is going under. Only the first part has been confirmed so far. I will keep you updated if I hear anything on the other two.
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