image thumb88 Engine Yard fires 15% of its employees

Engine Yard hosting provider for RubyOnRails applications has booted 15% of its employees. This doesn’t surprise anyone and I bet all many employees must have been counting days for the axe to fall upon the workforce. However reports have it that the layoffs haven’t been made due to some change of tracks, surprisingly enough not due to the highly anticipated financial issues. Anyone with an inside story, please share..