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It's raised $50 million in funding in a round led by GSV Capital that bumps the company's valuation 5x. At the same time, Lytro is cutting 25 to 50 jobs f
by jkestner 12y ago
It's raised $50 million in funding in a round led by GSV Capital
that bumps the company's valuation 5x. At the same time, Lytro
is cutting 25 to 50 jobs from its current roster of 130.
Neat trick, to grow the valuation while pivoting and laying off a third of staff.