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San Francisco -- A month after delaying plans for its initial public
offering (IPO) and announcing top management changes, San Francisco-based
Zoosk, the operator of an online dating platform, has cut 15% of its staff,
TechCrunch reported. The moves, which account for roughly 25 employees,
reportedly are part of a larger effort to trim expenses, and follow a
tumultuous period for the company. Zoosk, which claims to have 29 million
members, filed last April to raise up to $100 million in its IPO, but
delayed those plans last month because of market conditions. The company
said it plans to reevaluate its IPO plans in the coming months. Co-founders
Shayan Zadeh and Alex Mehr also stepped back from their day-to-day roles,
with CFO Kelly Steckelberg stepping up to the role of CEO.
https://www.zoosk.com/
http://techcrunch.com/2015/01/15/dating-service-zoosk-lays-off-
offering (IPO) and announcing top management changes, San Francisco-based
Zoosk, the operator of an online dating platform, has cut 15% of its staff,
TechCrunch reported. The moves, which account for roughly 25 employees,
reportedly are part of a larger effort to trim expenses, and follow a
tumultuous period for the company. Zoosk, which claims to have 29 million
members, filed last April to raise up to $100 million in its IPO, but
delayed those plans last month because of market conditions. The company
said it plans to reevaluate its IPO plans in the coming months. Co-founders
Shayan Zadeh and Alex Mehr also stepped back from their day-to-day roles,
with CFO Kelly Steckelberg stepping up to the role of CEO.
https://www.zoosk.com/
http://techcrunch.com/2015/01/15/dating-service-zoosk-lays-off-
