According to this article in Globes Online:
Sources inform ''Globes'' that online media company Zango Inc. has closed its R&D center in Tel Aviv and fired all 50 employees. In June, the company laid off 75 employees, including 20 in Israel because of a drastic slide in the number of users and revenue, which forced the company to revamp its business plan.
There's a little more information here at the Zango blog.
Sources inform ''Globes'' that online media company Zango Inc. has closed its R&D center in Tel Aviv and fired all 50 employees. In June, the company laid off 75 employees, including 20 in Israel because of a drastic slide in the number of users and revenue, which forced the company to revamp its business plan.
There's a little more information here at the Zango blog.
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