It’s funny how a man who had chopped around 30 percent of Jaxtr’s workforce has been shown the door. The man in discussion here is CEO Konstantin Guericke, Jaxtr will be having VP of engineering Bahman Koohestani as the acting CEO.
The company offers users VoIP services over landlines and mobile devices and had earlier raised $10 million in second phase of funding. With a tough time it faces, the acting CEO is pretty optimistic, given the fact that 68% of its calling minutes are paid for by consumers.
[via TechCrunch]
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[...] Now how exactly is Jaxtr going to digest the costs that pile up with free calls (given the massive cost saving cuts they have made)? I couldn’t find any way with which it can generate revenue. Perhaps it will push in ads between [...]