TECH CRUNCH -- Oct 22 -- Music startup
Imeem has laid off 20 employees which is 25% of its total staff. PR
representative Matt Graves gave a now-familiar explanation for the
cuts: "Given the current economic climate, we decided to be proactive
in
cutting costs - before we needed to - for the long-term benefit of the
business." Traffic
appears to have peaked at 7m unique visitors in July only to
fall precipitously to 4.9m uniques in September. FULL ARTICLE @ TECH CRUNCH
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