Gaia slashes 13% employees | Startup Meme - Technology Startup and Latest Tech News

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Dec 23 2008

Gaia slashes 13% employees

Sardar Mohkim Khan 

image thumb439 Gaia slashes 13% employees

Virtual world software creator, Gaia Interactive has decided to reduce costs by firing 13% of its employees. The company had earlier raised $11 million in the third round. Folks at Gaia state that these have been made to conserve cash for forward strategies, which simply means that economy is bad and we can’t afford a larger workforce.

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