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MusicMatch cuts staff

MusicMatch, which makes programs for creating and organizing digital music, says it has laid off 40 employees and four contractors as a result of the economic climate. A MusicMatch representative said the company decided to eliminate employees who had nonessential positions or whose responsibilities could be assumed by the remaining 114 employees. He said the layoffs were necessary because of the downturn in the economy, slower-than-expected PC sales and the poor online advertising market, which "had an impact on our revenue projections." The company representative added that one of MusicMatch's "key goals is to become cash-flow positive by the end of the year." The San Diego company said the layoffs were not focused on any specific division. Founded in 1997, MusicMatch also has offices in Florida and Washington.

    MusicMatch, which makes programs for creating and organizing digital music, says it has laid off 40 employees and four contractors as a result of the economic climate. A MusicMatch representative said the company decided to eliminate employees who had nonessential positions or whose responsibilities could be assumed by the remaining 114 employees. He said the layoffs were necessary because of the downturn in the economy, slower-than-expected PC sales and the poor online advertising market, which "had an impact on our revenue projections." The company representative added that one of MusicMatch's "key goals is to become cash-flow positive by the end of the year."

    The San Diego company said the layoffs were not focused on any specific division. Founded in 1997, MusicMatch also has offices in Florida and Washington.