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Short Take: Net search company cuts staff, reorganizes

Internet search company StreamSearch has reorganized and laid off about 70 percent its staff, according to its director of marketing, Amye Mueller. The St. Louis-based company has dropped to 40 employees from a 130-member staff because the company was unable to secure a new round of financing, Mueller said. With the reorganization, StreamSearch will focus on key projects that include its search-and-play technology and special channel development projects, such as the Sundance Online Film Festival.

Internet search company StreamSearch has reorganized and laid off about 70 percent its staff, according to its director of marketing, Amye Mueller. The St. Louis-based company has dropped to 40 employees from a 130-member staff because the company was unable to secure a new round of financing, Mueller said. With the reorganization, StreamSearch will focus on key projects that include its search-and-play technology and special channel development projects, such as the Sundance Online Film Festival.