Tech

Is StumbleUpon Still an Ocean of Awesome after They Lay Off 30%?

If you go to StumbleUpon.com, the first thing you see is, “StumbleUpon is an ocean of awesome.” The 30 percent of StumbleUpon employees who got laid off today probably wouldn’t agree.

Mike Mayzel of StumbleUpon says, “StumbleUpon is restructuring to enable the company to become more streamlined, focused and to better execute against its goals in 2013. As a result of these changes, the company will be profitable and will operate more quickly;y and efficiently and experiment more aggressively. We continue to grow and remain focused on providing the best discovery experience on the Web.”

As TechCrunch reports, StumbleUpon’s not having any issues when with revenue. In the last three years, StumbleUpon has grown 300% and has over 80,000 advertisers including Kraft Foods and Procter & Gamble.

Mark Bartel, CEO of StumbleUpon says, “The way I see it is the profitability allows us to experiment more.”

Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 681 other followers