Feeds

BitTorrent Inc. amputates half of self

New CEO tapped, 18 sacked

High performance access to file storage

BitTorrent Inc. - the San Francisco company still hoping to make some money from Bram Cohen's world famous p2p file sharing protocol - has apparently laid off about half its staff.

According to a source chatting with The New York Times, the outfit sacked 18 people today - the same day it announced the appointment of a new CEO. This comes after the company laid off 20 per cent of its staff in August.

The company did not respond to requests for comment.

The Times also reports that the company will soon close its BitTorrent Entertainment Network - an online digital media store meant to compete with the iTunes of the world. Apparently, new CEO Eric Klnker and his (small) crew will concentrate on BitTorrent DNA (delivery netwotk accelerator), a content delivery service for businesses looking to distribute audio, video, and games over the net.

Yesterday, BitTorrent Inc. co-founder Ashwin Navin said he was leaving the company, six months after telling the company's board he would do so. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.