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Bungee Labs In A Freefall

August 28th, 2008 at 3:30 am

Source:TechCrunch
Bungee Labs, a well funded Utah based startup that left private beta only six months ago, laid off 15 employees today to give themselves more runway on their cash burn rate. The last we checked they had 38 employees, so this is nearly 40% of their total headcount.

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