The bad news for startups keeps on coming in. This time it’s RubyOnRails application hosting provider Engine Yard that has laid off 15% of its staff, as publicly reported on the company’s blog earlier this week. We’ve contacted co-founder Lance Walley and can confirm that 12 out of 82 people have been let go, across several departments.
Engine Yard, a managed hosting services provider for RubyOnRails applications, announced today that they closed a $15M Series B round of financing from NEA, Amazon and Benchmark Capital. The company had previously raised $3.5M from Benchmark back in January of this year – so only 7 months ago. In that time, the company has grown to 80 employees across four continents with servers across two… → Read More