Online-video site Heavy lays off 25 out of 105, spins off ad network [Layoffs], Legal Document Translation, Patent Document Translation, Business Document Translation, Technical Document Translation, Academic Document Translation,

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From: Valleywag
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Readers: 4 | Updated: 06-06

Online-video site Heavy lays off 25 out of 105, spins off ad network [Layoffs]

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Young man's video site Heavy will lay off nearly a quarter of its staff — 25 out of 105 workers — as it cuts costs and spins off its video ad network Husky Media into a separate company. Most of the layoffs will come from tech and ad sales. Heavy co-CEO Simon Assaad told PaidContent the re-org will make the site profitable this year. We're not surprised. Buying shady traffic cheap and then selling it on to ad agencies at a higher price may not be a way to build a business for the long haul, but it'll get that cash flowing fast.

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