Even though the company is said to be doing well, Fring has about 20%(all 10 of them) go according to TechCrunch. But these layoffs might keep the company afloat throughout 2009 according to company CEO Avi Schecter.
I like the service what fring provides me and recent deals like joint effort with Mobilkom, should have pushed the company in the upward direction on charts that investors and bankers look at. But I have a feeling that Fring has not problem, coming up with solutions, like it did with our mobile problems!
Mobile is on the up.
GigaOm and ever inquisitive Ken Camp has also written on the issue.
Tuesday, December 02, 2008