SpotRunner, the heavily backed online and TV ad agency based in Los Angeles, is laying off about 115 people from its company, which is 30 percent of staff, we have learned and confirmed by the company. Also, the company is closing down its local search division, where most of these layoffs are coming from. SpotRunner diversified into local search early this year when it bought Weblistic, a provider of online marketing service for small businesses
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