Broadband Sports, the site that bills itself as “a media company of, by and for serious sports fans” recently told 50 employees, or 20% of its staff, to hit the showers.
Company cited the usual excuses for the smaller squad and issued this statement:
“Broadband Sports is committed to building a long-term profitable business, which is why it became necessary to reduce staffing levels. We are accelerating our path to profitability by ensuring that our business is efficient and effective.”
Broadband Sports also offers access to sports merchandise and memorabilia and services to fantasy sports fans.