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.
