Following Layoffs, BetterWorks Shuts Down Its Product
BetterWorks, the employee rewards start-up used by companies like Hulu, Tesla and Docstoc, is shutting down its site at the end of the month. The bad news from the Redpoint Ventures-backed start-up comes on the heels of significant layoffs last week. However, a spokeswoman said that the company itself is not shutting down entirely, but rather trying to use its remaining team and capital to reformulate itself.
