As expected, mobile content and technology company 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.
The company has raised more than $380 million in venture capital, including funds from investor activist Carl Icahn. That included a $180 million round in December to fund the $135 million all-cash acquisition of InfoSpace mobile services business. Its next move could be to file for an IPO. We have been covering this very closely on MocoNews, and more here.
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