BitTorrent Lays off 40 Of Its Employees, Insiders Say

BitTorrent Lays off 40 Of Its Employees, Insiders Say

New reports indicate that popular file-sharing software, BitTorrent, has laid off 40 of its staff members. Late last week, BitTorrent, came out and confirmed the news although they did not indicate the actual number of staffers who were actually laid off by the company.

While addressing reporters, Kevin Fu, the company’s spokesman said that, "We've recently realigned resources based on a regular evaluation of the business."

The company’s spokesman went on further to state that, "Regrettably, this did include some employee departures."

According to Fu BitTorrent, “remains profitable, healthy and in addition to that it keeps on growing. It is good to note that Fu refused to hand out any details which back what he had said. "We can't comment on speculation, and aren't providing anything more beyond the statement."

Back in January this year, the Business Times reported that BitTorrent was showing signs of improvement after bouncing back from the earlier hash performance that it had gone through back in 2014. In addition to that, BitTorrent appeared to have been poised in a position in which it will highly benefit from two new offerings which are very popular.

At this time it was believed that BitTorrent had at least 170 staffers, said Erick Klinker who is the companies. He went on to add that, "We see nothing standing in our way."

"We currently don't have any open positions," the company notes on its website.

Since 2004, BitTorrent has been able to raise a total of $35 million from investors. That said it is also good to note that BitTorrent has failed to give out specifics on their financial performance. 

 

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