Path Axes 20 Percent Of Staff In A ‘Realigning Of The Company'

Mobile-only social networking app Path laid off 13 staffers today, axing 20 percent of its workforce. Rumors of the layoffs have been percolating around the tech industry this afternoon and were first confirmed by Valleywag.

Path founder and CEO Dave Morin, who celebrated his 33rd birthday yesterday, has not responded to requests for comment.

In a phone call today, a Path spokesperson told TechCrunch that the layoffs represent a "realigning of the company" as it places a "huge focus on Path 4," the next version of its app. We're hearing that the layoffs affected primarily data and marketing operations, but Path would not confirm what departments were affected, saying only that "it was across the organization." Source: http://feedproxy.google.com/~r/Techcrunch/~3/gHLiZR9ofiU/
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