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StumbleUpon fails to secure funding, will cut 70% of its workforce

After failing to secure more funding, StumbleUpon will be letting go of around 70% of its workforce.

@anthony256
Published Wed, Aug 12 2015 3:10 AM CDT   |   Updated Tue, Nov 3 2020 12:04 PM CST

StumbleUpon has failed to secure itself additional funding, which will see the company laying off 70% of its workforce, cutting numbers from 100 to around 30 employees.

StumbleUpon fails to secure funding, will cut 70% of its workforce | TweakTown.com

Employees were reportedly made aware of the changes last week, with those that are looking at the door to be finishing up this week. The ones that are sticking around, are mostly sales and engineering, according to VentureBeat. Their source has said that it's hard for StumbleUpon to compete against the onslaught of social networks.

NEWS SOURCE:techspot.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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