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Short Take: Red Sky lays off 70 workers

Interactive consulting company Red Sky has laid off roughly 70 employees to adjust its growth to deal with the changing market conditions, a company representative said. Red Sky, which employs roughly 550 workers, said it offered employees a severance package and will assist them with outplacement. The company said it needed to reduce its staff as a matter of streamlining operations and accelerating profitability.

Interactive consulting company Red Sky has laid off roughly 70 employees to adjust its growth to deal with the changing market conditions, a company representative said. Red Sky, which employs roughly 550 workers, said it offered employees a severance package and will assist them with outplacement. The company said it needed to reduce its staff as a matter of streamlining operations and accelerating profitability.