Rdio laying off some staff

Ingrid Lunden reporting for TechCrunch:

The company did not offer any further specifics on the layoffs. One person who first alerted us to them alleges that they affect 35 people. We have had other tips that say this works out to between one-fifth and one-third of the workforce, with significant cuts in engineering.

It's pretty well-known that music streaming isn't a profit business. However you want to look at it, this is nothing but good news for Rdio.

November 19, 2013  ·  Source