AfterDawn: News

BitTorrent cuts staff, replaces CEO again

BitTorrent Inc. has had a rough year. The company looking to make revenue from Bram Cohen's file sharing software is just another company struggling in today's turbulent economic climate. The company announced on Firday that it cut about half of its staff, and replaced its CEO Doug Walker. The company already experienced a 22% layoff back in August this year.

Eric Klinker, Chief Technology Officer (CTO) has been named as Walker's replacement. He has "two decades of networking, content delivery, and management experience." Walker had left Alias Systems just last year to take up the CEO position at BitTorrent.



"Klinker has...been instrumental to the continued development of the BitTorrent client, BitTorrent's Delivery Network Accelerator (DNA) content delivery service, BitTorrent's Software Development Kit (SDK) and BitTorrent's proprietary advanced congestion control technology. The latter has been at the center of BitTorrent's influential discussions and well-publicized collaboration with Comcast Corporation, as it seeks to deploy a protocol-agnostic network management solution." A BitTorrent statement read.

According to the Times, the company is planning to shut down its BitTorrent Entertainment Network media store.

Written by: James Delahunty @ 10 Nov 2008 0:29

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• 4 comments

• DXR88

  yep, you sold yourself out to the RIAA/MPAA. Now your paying for it.
  
  reminds me of a song (you don't know what you got till its gone,cut down a forest to put up a parking lot)

  10.11.2008 01:02 #1

• mspurloc

  Yeah, it's bad everywhere now.
  Our (American) company laid off over a thousand people when it looked inevitable that Obama would win.
  In BitTorrent's case, it's not that surprising, though.
  They never had a realistic business model and their profit motive wasn't there.

  10.11.2008 01:24 #2

• NamelessN

  Originally posted by DXR88: yep, you sold yourself out to the RIAA/MPAA. Now your paying for it.
  
  reminds me of a song (you don't know what you got till its gone,cut down a forest to put up a parking lot)Off topic, isn't it "paved paradise and put up a parking lot"?
  Or maybe there's another version I haven't heard. Dunno.

  10.11.2008 17:22 #3

• DXR88

  Quote:Off topic, isn't it "paved paradise and put up a parking lot"?
  Or maybe there's another version I haven't heard. Dunno.Why Yes, Yes it is. u sir deserve a cookie.

  10.11.2008 18:23 #4