Veoh lays off 20 percent of workforce (CNET)
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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