Additional Information

Content to axe 20 staff as CBS cuts costs

LONDON - Social media music site is to make as many as 20 staff redundant at its North London offices after parent company CBS cut an undisclosed number of jobs in its Interactive division.

Share this article

The company said the number of layoffs would be about 20, but failed to give an exact figure or where the cuts will be made. Some sources said as much as 40 could be affected. currently employees 95 staff with headquarters in Shoreditch. The company declined to comment on the layoffs.

The company was found six years ago by Martin Stiksel, Felix Miller and Richard Jones and has more than 15m active users, who share music and find friends online with similar tastes.

US broadcaster CBS acquired in 2007 for $280m (£141m) but has since failed to develop a steady stream of revenue.

The cuts being made by CBS across its interactive division follow its $1.8bn acquisition of digital media firm CNET in May for $1.8bn.

The deal gave CBS control of a number of websites, including CNET, ZDNet, and

The acquisitions of Lastfm and CNET followed those of celebrity gossip blog called Dotspotter and financial videoblog WallStrip.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed


The Wall blogs

The Power of Colour External website

by Ardi Kolah, 17/04/2014


Forget about the BRICS External website

by Dan Foreman, 17/04/2014


Back to top ^