The change was made as part of a larger effort to cut costs in many areas.
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“While the overall market might seem receptive to a public offering, subscription businesses have suffered.” For now, Zoosk plans to sit back, keep a careful eye on the market, and delay its IPO until later this year.
Regarding the layoffs, Zoosk left this statement with Tech Crunch: In an effort to speed Zoosk’s path to becoming a self-sustaining, profitable company, we’ve lowered our expenses in many areas.
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