Short Take: DoughNet lays off workers
Teen financial services site DoughNet has laid off an undisclosed number of workers, the company said. The layoffs are the second for the company in the last six months. DoughNet chief executive Ginger Thomson declined to specify the number of people laid off but said the cutbacks were to help the two-year-old company conserve cash in an "unfriendly capital market."
Greg Sandoval Former Staff writer
Greg Sandoval covers media and digital entertainment for CNET News. Based in New York, Sandoval is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg, or follow him on Twitter at @sandoCNET.
Teen financial services site has laid off an undisclosed number of workers, the company said. The layoffs are the second for the company in the last six months. DoughNet chief executive Ginger Thomson declined to specify the number of people laid off but said the cutbacks were to help the two-year-old company conserve cash in an "unfriendly capital market."