Imeem Cuts Quarter Of Staff

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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