Online content aggregator Flipboard last week laid off 24 staffers, or 21% of its workforce, Axios has confirmed
.: The cuts are one more sign that a slowdown in the online advertising market, fed by broader economic headwinds, is hurting a range of tech firms large and small.
"Yes, we restructured due to the bad economy and tough outlook for the digital ad business," CEO Mike McCue said in an email interview. "As a result we had to make the painful decision to let 24 members of the team go. We’re doing everything we can to support them through this transition.": Flipboard launched in 2010 as an iPad-only app that pulled together content from other sources in an attractive design.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The UK Could Be on the Way to Its Third Prime Minister in 3 MonthsAfter nearly toppling U.K. markets to cut taxes on the 1 percent, the new prime minister is hanging on by a thread.
Read more »
EU energy crisis deepens, UK could face power cuts during winterU.K.'s National Grid has warned of possible power cuts in case Russian energy lines are entirely cut off.
Read more »
No. 22 Texas rallies in 4th quarter to beat Iowa State 24-21Texas believes it's a tougher, more resilient team that last season — and the Longhorns are showing it so far this fall. The latest evidence came Saturday as No. 22 Texas, trailing struggling Iowa State in the fourth quarter, rallied to win 24-21.
Read more »
Auburn University hosts interactive day to celebrate women in aviationOnly six percent of pilots in the United States are women.
Read more »
‘A mistake I can’t fix’: Man sentenced to 20 years in prison for fatal New Year’s Eve crashCesar Gonzalez, 21, pleaded guilty in the San Antonio crash killed a father and his...
Read more »
Prada Launches Its First-Ever Fine-Jewelry CollectionHow do you bring Prada-ness to jewelry — specifically, gold jewelry?
Read more »