BitTorrent reportedly laid off dozens of staff

BitTorrent reportedly laid off dozens of employees

In line with Buzzfeed, BitTorrent drastically decreased its US workforce on Thursday. A number of nameless sources reportedly confirmed that about forty of the corporate’s one hundred fifty home staff have been sacked yesterday morning. BitTorrent has struggled to show a revenue during the last couple of years. Regardless of its ubiquitous identify recognition and a number of revenue-sharing partnerships with main musical acts, the corporate by no means fairly shook the “pirated media” stigma with mainstream shoppers. It additionally provided a string of peer-to-peer based mostly merchandise that by no means actually went anyplace. I imply, do you keep in mind Bleep, BitTorrent’s P2P messaging app? No, in fact you do not. BitTorrent reportedly made the cuts so as to streamline its enterprise and concentrate on Sync, a cloud storage system based mostly on it is peer-to-peer file sharing system.

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