Machinima.com cuts staff by 10%
Another year, another purge at Machinima. The company stated this afternoon that it has let 22 of approximately 206 employees go. The figure is similar to that of the layoffs in 2012, when the company let go of "23 people of the company's 200 staff."
"In connection with Machinima's growth plan, the company is making an increased commitment to premium programming, its YouTube affiliate network, and multi-platform distribution," the company said in a prepared statement about the layoffs. "Over the next several months, Machinima will announce new programming and distribution initiatives that will advance the next phase of this strategic plan."
The company claims to have 2 billion monthly video views and reaches over 200 million uniques every month.
