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.”
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