ScribbleLive lays off 27 employees to ‘streamline organization’ amid search for new CEO

ScribbleLive

ScribbleLive laid off 27 employees earlier this week, BetaKit has learned. According to multiple sources familiar with the company, the layoffs were worldwide, featuring members of ScribbleLive’s engineering and product teams, including VP of Engineering, Bob Barnard, who came to the company through its acquisition of CoverItLive in 2014.

BetaKit confirmed the layoffs with ScribbleLive, which provided the below statement.

“This week ScribbleLive laid off 27 employees in order to streamline the organization and to ensure it aligns to our product strategy. The decisions around these layoffs were needed to make sure we allocate our resources judiciously in pursuit of our best opportunities for success and our mission to emerge as an interactive content market leader. We thank those impacted employees for their contributions and are making efforts to connect them within the hiring community.”

The layoffs are around 10 percent of Scribble’s total workforce.

Speaking with those familiar with the company, best estimates place ScribbleLive’s headcount at around 200 employees prior to the layoffs, leading to a reduction hovering around 10 percent of the company’s total workforce.

The layoffs come little more than a month after the departure of former CEO Vincent Mifsud. BetaKit broke the news at the time that Mifsud was leaving his role as CEO to become President of Enghouse Systems, while maintaining a position on ScribbleLive’s board. Mifsud was replaced by Scribble’s then-CFO, Efrem Ainsley, in an interim role while the company explores permanent replacements.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.