Mzinga lays off 15 employees | Startup Meme - Technology Startup and Latest Tech News

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Jan 21 2009

Mzinga lays off 15 employees

Shoaib Hashmi 

Mzinga-Logo

Burlington, Massachusetts based enterprise social media provider Mzinga, has laid off 15 employees which is 6.7% of the overall 225 employees. The company had earlier raised a huge amount of $32.5 million in a round of funding last March.

According to Rick Faulk, the company CEO:

It’s never good to lose colleagues, friends and expertise. but we are still the largest-staffed social media company, and we’re positioned to win.

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