Eons laid off about a third of its workforce of 72 this week, according to Wired and other sources. Eons raised $22 million in a second round of financing six months ago, but it sounds like the burn rate was too high–and the company sees its future in user-generated content and social networking. That requires far less staff, obviously. Founder Jeff Taylor told Wired that social networking now represents about 65 percent of all activity on the site.

This entry was posted on Thursday, September 13th, 2007 at 2:57 pm and is filed under Marketing, Media, Social Networking. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.