New York based mobile content firm thumbplay has also joined the list of companies that have laid off their employees in line with the recent financial crisis. The exact amount of job cuts is still unknown. According to a source around 25% of the jobs will be cut but the company representative says that the number will not be much. According to the company’s CEO, Are Traasdahl:
Today, we informed members of our team about reductions in our staff. While difficult, these personnel decisions recognize the realities of the economy.
Furthermore he said:
We are on track to exceed our year-over-year revenue growth in 2008 by more than 50% over 2007, and even by conservative estimates, ’09 will be another solid growth year. Our recent major initiatives, Full Track and our self-service partner program Open, are already proving to be strong drivers for growth. When coupled with the remarkable momentum of our Advanced Content (Videos and Games), the value of the Thumbplay service is greater than ever and we have every confidence our positive trajectory will continue.
