The Vancouver-based company, which provides a platform for distributing and managing video content, said it made the decision in order “to focus on the lines of business that create the greatest value for our customers, shareholders, and ecosystem partners.” According to PitchBook, BBTV currently has 438 employees. (The Logic)
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The Vancouver-based company, which provides a platform for distributing and managing video content, said it made the decision in order “to focus on the lines of business that create the greatest value for our customers, shareholders, and ecosystem partners.” According to PitchBook, BBTV currently has 438 employees. (The Logic)
Talking point: BBTV’s job cuts follow a wider retrenchment in the tech sector, which has had to scale back ambitions and weigh layoffs amid a sharp pullback in stock markets and an uncertain economy. In a statement, BBTV CFO Ben Groot said the decision would not hinder the company’s growth plans. BBTV shares have slumped well below their initial offering price of $16 per share, and have been trading below $3 since March.
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