Dwango Lays Off 30 Percent of Staff

Dwango, the Seattle-based mobile content company, which has a terrible Q2, has announced cuts in the company, to get back on track. As part of its cost-cutting efforts, the company will reduce its headcount by 30 percent (which is slightly more than 20 employees).
By reducing its workforce, Dwango expects to save roughly $1.5 million annually, although it will incur severance package costs of about $34,000 in the third quarter.
Some more details in the company release here
Related: Dwango CEO Replaced; Q2 Revs Drop

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