Wednesday, September 18, 2013
Machinima Cuts 10 Percent More
Los Angeles-based YouTube network Machinima announced Wednesday afternoon that it has laid off 10 percent of its employees, or 22 employees out of a current staff of 206, as part of a shift in its programming plans. The company said the layoffs come as part of an "increased commitment to premium programming". Machinima has apparently been looking for a big funding round in recent months. The layoff is not the first for Machinima, which also cut around 10 percent of its staff back in December.