Report: BitTorrent Begins Layoffs

BitTorrent_Logo.jpg

GigaOM is reporting that pink slips have been handed to some of the employees of San Francisco-based BitTorrent. The article said that the layoffs stem from an ill-fated attempt to spin off a “consumer distribution effort” to Best Buy for $15 million, which eventually fell through.

GigaOM founder Om Malik said he thinks BitTorrent can save itself, mainly because it’s so popular, and because it’s a strong infrastructure for distributing large video files in addition to music—something that partners could eventually make good use of. “BitTorrent has been working with a handful of set-top box makers such as Pace Micro, and is trying to embed its technologies into other devices,” Malik wrote. “The funny thing is that even [wireless] carriers want to work with them. All of this makes this company salvageable.”

Related Stories
Mediabistro Course

Content Marketing 101

Content Marketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you how to create, distribute, and measure the success of your brand's content! Sign-up before November 10 to get $50 OFF with early bird pricing. Register now!