Buzzer – The New York-based sports-centered live streaming platform has announced to reduce its total workforce by 20%.
The total count of the employees in the company stands at 72 as per the company’s official LinkedIn page. Making it seem the company had to shed 15 employees as part of the current layoff.
CEO Bo Han in a statement to Sportico, mentioned that this move was something the company couldn’t avoid – keeping the current economic conditions in mind, and maximizing its current resources.
The company is eyeing for a $20mn fresh funding, after their last Series A funding that had happened last year.
Buzzer as a stand-alone mobile application provides consumers with quick notifications and modifies user’s live feed based on their preferences.