Wantful Cuts A Third Of Its Staff To Start 2013

What's Next In Payments®
3:36 PM EDT January 29th, 2013

Online gifting startup Wantful has cut nine of its 26 employees to begin 2013 as it shifts focus towards new areas of its business, according to VentureBeat.

“In the course of building out the company in 2012, we learned a lot about what we require to scale the business,” said John Poisson, Wantful CEO. “We made a big push to build our product assortment from 300 to more than 4,000, and those efforts are paying off.”

The company received $5.5 million in funding in March 2012 and says the layoffs represent an attempt to build on its revenue stream.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
B2B Payments
Reverse Lockbox for Banks
B2B Payments
Zapstich Raises Cloud Funding
B2B Payments
AP Software Interacts With Any ERP and Accounting System
Company Spotlight
Low Savings and Cash Flow Threaten US Microbusinesses, Study Says
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
Reverse Lockbox for Banks
B2B Payments
Zapstich Raises Cloud Funding
B2B Payments
AP Software Interacts With Any ERP and Accounting System
B2B Payments
eNegoiations Now Available
View All Articles ››