Techcrunch: VSCO lays off 24 employees in restructuring

GaryPageau
Getting your Trinity Audio player ready...

Photo-editing app VSCO has confirmed it has laid off 24 employees amid a restructuring drive to refocus the company’s efforts toward creating tools for professional photographers, according to an internal memo seen by TechCrunch. VSCO CEO Eric Wittman said the company’s consumer business had declined more than expected, and some of its new growth initiatives didn’t yield the expected results. He noted the company had been EBITDA-positive for three of the past four years. And despite a decline in consumer business, other lines saw growth.

The company told TechCrunch the layoffs impacted its marketing, tech, and program management teams.

Written by 

Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.