I got this tip earlier today from couple of sources earlier today, but LocalTechWire confirmed it: mobile content and applications technology firm Motricity will lay off about 16 percent of its full-time employees as part of a move to improve efficiencies…some 50 employees were given 60 days notice that their jobs were being eliminated. All will receive an additional four weeks of severance pay plus an additional week of pay for each year a person has worked at Motricity, according to the company.
The company employs 425 employees, one third of whom are contractors…Most of the people affected by the layoffs work in Durham, NC, where it is headquartered. No senior, or c-level, executives will be laid off, and no business groups will be dissolved, the company said. Motricity has raised more than $150 million in venture capital.