TECH CRUNCH - Jan 14 - Despite $61M in funding, Zoosk is laying off 1/3 of its staff. ~40 people will be let go. Founded in 2007, Zoosk found success by building extensions for MySpace, Facebook, Hi5, and Bebo. It reached 40M registered users and 12M actives by 2009. Zoosk made money by selling subscriptions. The dating app ditched its IPO plans in 2014, and its founders stepped down. Former CFO Kelly Steckelberg became CEO. "To operate as a sustainable, profitable and innovative company, we've made the difficult but necessary decision to reduce our headcount", she commented.
by Josh Constine
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