News Byte
Liz Gannes in News on May 24 at 5:59 pm PT
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.
Arik Hesseldahl in News on May 24 at 8:55 am PT
The turnaround process is about 10 percent to 15 percent complete, CEO Meg Whitman says. That leaves a lot of turning yet to do.
Tricia Duryee in Commerce on May 15 at 5:28 pm PT
Drew Patterson has stepped down as founder and CEO of Jetsetter, the high-end luxury discount sales travel site owned by Gilt Groupe.
Tricia Duryee in Commerce on April 16 at 1:02 pm PT
Electronic Arts says it’s still hiring despite making headcount “adjustments” after completing several blockbuster projects last year, including Battlefield 3 and Star Wars: The Old Republic.
John Paczkowski in News on April 12 at 8:36 am PT
“This is our only chance to change. We cannot shy away from difficult decisions.”
Voices
Daisuke Wakabayashi, Reporter, The Wall Street Journal in News on April 9 at 2:58 am PT
Sony Corp. plans to reduce its work force by an estimated 10,000 jobs, or about 6 percent of its global staff, as part of new Chief Executive Kazuo Hirai’s restructuring plan, people familiar with the matter said Monday.
