Veoh Lays Off 20 Percent of Workforce (CNET)
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Online video-sharing Web site Veoh announced Wednesday that it was laying off 20 percent of its workforce, or about 20 employees, in the face of a softening ad market.
A Veoh representative blamed the uncertain economic climate for the cuts, but insisted that company revenue was growing at a healthy clip.
"We know the realities of the market," spokeswoman Gaude Paez said Wednesday. "But no one knows how soft the ad market will get."
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Mark Robertson is the Founder and Publisher of ReelSEO, an online information resource dedicated to the fusion of video, technology, social media, search, and internet marketing. He is a professional online video marketing consultant and video SEO expert, popular speaker, and considered to be a passionate leader within the online video and search marketing industries. Follow Mark on Twitter (@markrrobertson), or Google+. - View All Posts By Mark R Robertson
