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According to a spokesperson, the move was made as part of a larger effort to lower expenses in many areas.News of the layoffs follows the exit of Zoosk’s founders from their leadership roles last month, and confirmation that the company was indefinitely delaying its IPO plans.
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The company, backed by Canaan Partners, Bessemer Venture Partners and ATA Ventures, at the time was seeing a net loss of $2.6 million in 2013 on revenues of $178 million.
In addition, the filing revealed that the company was spending a lot on marketing and saw Tinder as a real threat to its business.
Overall there is a good collaboration between cross functional teams. HR department is very active and involved in the success of employees.
Cons This year while the company is profitable, has been a bit hard due to CEO leaving and currently having an interim CEO. So the only con is the board which is a bit inactive.
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