Motricity has confirmed its much anticipated layoffs, putting the official number at 250. The elimination of more than one third of its workforce will occur over the next nine months, with all affected workers getting an unspecified severance. Previous guesses had pegged the number at about 200 of its 600-person workforce. Also, as rumored, the Durham, NC-based company, which is taking these steps following the acquisition of InfoSpace (NSDQ: INSP) Mobile last year, has also decided to relocate its headquarters to InfoSpace’s Bellevue offices to be closer to customers. Release.
Based on the details of the announcements, it appears Motricity is leaning heavily on the InfoSpace acquisition for people, technology and location:
– The technology: Motricity will migrate customers from its own Fuel platform to InfoSpace’s mCore platform for Portal, Storefront, Search, Messaging and Managed Web products, although some elements from Fuel will be integrated into mCore.
– The headquarters: The company will consolidate office locations, moving the headquarters location from Durham to Bellevue, “which is in close proximity to some of Motricity