Verizon lays off 155 Go90 employees

According to Variety, the product will be rebuilt by the newly-acquired team from Vessel.

Verizon launched its vertical video-focused Go90 service in October 2015, and now many of the people behind it have been laid off. Variety and The Hollywood Reporter note 155 people, mostly from the San Jose office where much of the team was based, were cut late last week. In a statement, Verizon said the moves were a result of "some duplicative resources," but that they did not indicate a change in strategy. It does, however, bring an end to the Intel OnCue project that eventually formed a basis for Go90.

When Verizon acquired the Vessel video startup late last year and shut it down, it seemed well positioned to work on Go90. Now that is apparently coming true, as it confirmed to Variety that former Hulu CTO and Vessel co-founder Richard Tom will lead Go90, taking the title of CTO of Verizon Digital Entertainment.