Topspin Cuts Staff 44% – CONFIRMED
UPDATED: Topspin has now confirmed that cut 14 employees yesterday, or about 44% of staff. While the company declined further comment, the move is being described by some as redirecting the company back to it's original mission. "They're focusing on their platform, their technology and their data," former Topspin executive Gary Brotman told Billboard. "That was the idea from the beginning, and going back to that makes sense because it's Topspin's strong suit."
THE ORIGINAL STORY: There were major staff layoffs on Wednesday at direct to fan platform Topspin Media. We have been able to confirm that Jessica Savage in the artist relations team and Head of Operations Brad Barrish, with Topspin since 2009, were among those let go today. But a variety of reports point to much deeper cuts
Several ex-Topspin employees have confirmed the layoffs on Twitter:
I am eternally grateful for the 5 insanely awesome years I spent at @topspinmedia. I'm proud of the work we did. Such a talented crew.
— Brad Barrish (@bradbarrish) January 30, 2014
— Alohalia (@Alohalia) January 29, 2014
Several tweets pointed to "half" and "a majority" of the Topspin team beng let go. Topspin has confirmed the layoffs, but declined to comment. It's been just over a year since then president Ian Rogers left the company for the just launched Beats Music and about 4 months since SVP Bob Moczydlowsky exited for Twitter.
Check back for more details as we get them.