Dobedo sacks 23 employees
More sounds of flatulent bubble bursting in dotcomland
Updated Dobedo - the Swedish cartoon-based chat outfit aimed at the under 25s - has sacked a third of its workforce.
It's understood the redundancies take effect immediately.
Twenty-three people have lost their jobs - 20 in Sweden, two in Germany and one in Britian.
Kai Lundgren, MD and CEO of Dobedo, said that most the job losses involved technical staff.
The company is looking to outsource development work in future, he said, adding that Dobedo wanted to change focus and become more of a "media" company.
Lundgren confirmed that the dotcom was forced to take the action in a bid to reduce its cash burn as it seeks further funding.
He denied reports that Dobedo has put on hold any future roll-out of the service. ®