Sunday, November 02, 2008

San Francisco's PowerReviews Lays Off 30%

"San Francisco based PowerReviews, which has raised over $21 million in venture financing, has let 30% of staff go, say multiple sources. Among those that left is VP Marketing Jay Shaffer.

The company let retailers include Amazon-like product review features into their websites, for free. PowerReviews then aggregates reviews from their client retailers on their own customer-facing site called Buzzillions.

The company had at least 42 employees before the layoffs. We've contacted them for confirmation."

1 comment:

Anonymous said...

This is incorrect. The original Techcrunch article contains an update/correction. It reads "reduces BURN RATE by 30%"...not staff.