InfoSpace Restructures Mobile Business, 250 Layoffs
Not all news in the mobile space is positive. ClickZ is reporting Infospace is having to layoff 250 employees after losing a large partnership deal.
Beginning this week and continuing into next year, the company plans to eliminate 250 positions, mainly in its mobile content business. The company announced last month that Cingular, its largest ringtone distributor, would begin to enter licensing agreements directly with record labels instead of using InfoSpace as a middleman.