09|15|2011 02:15 pm EDT
As announced via email by Ovesee.net today, the company has laid off 13% of its workforce. The official announcement sent to DNN in an email says:
As part of its plan to address new growth opportunities, Oversee.net has realigned its work force resulting in a staff reduction of 13 percent. These moves, along with pending new hires, will allow the company to leverage core assets to innovate more effectively, improve competitive positioning and achieve growth.
When question about the areas of reduction, the company stated they would not provide details, but stated that “the workforce reduction was across all functions”.