A tipster reached out to us this week to tell us about layoffs at the Redwood City, Calif.-based P2P video startup Vuze, stating that the company had dismissed more than half of its workforce. Vuze subsequently confirmed two rounds of previously unreported layoffs to us, but clarified that the dismissals were not recent: 12 people were let go in April and another 12 in August. “We anticipated that the economic environment was going to deteriorate, so we decided to act proactively,” said Vuze’s V-P of marketing, John Fernandez.

Vuze has been building an ad-supported download platform for HD videos based on its BitTorrent client, which used to be known as Azureus. The company recently put the client through a major revamp, and Fernandez told me that things are looking up in terms of revenue and video views. Vuze did lose some key content partners in recent months, something CEO Gilles BianRosa recently attributed to the move away from download sales. Continue reading on Newteevee.com.

Tags: , , , , , ,