San Francisco, California-based Mondo Media, a leading online animation and syndication company, cut 28 of its 110 employees on Monday, March 26. The cuts affected all areas of the company. According to Robin Harper, senior VP of marketing, the layoffs do not signal fiscal trouble. There is no financial crisis at the company. We recently raised $17 million, and this layoff is a proactive move to ensure the longevity of the company through the current economic downturn, she said. We continue to be confident about the prospects of Mondo Media and its role as a lead syndicator of online entertainment.
Want to learn how Mondo Media has become a leader in the online content community? Then read Animation World Magazine's profile.
Dan Sarto is Publisher and Editor-in-Chief of Animation World Network.