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OnRequest Images laid off eight staffers this week, part of a restructuring that the Seattle customized photography service hopes will position it for profitability early next year.
Chief Executive David Norris declined to disclose total employment at the five-year-old company, but said the layoff impacted less than 10 percent of staff. Three employees in Seattle, an employee in Denver and four sales staffers were included in the cuts. Vice President of Sales Mark Mansfield also lost his job.
The cuts, which occurred Thursday, were not tied to problems in the overall stock photography business, said Norris. (Both Getty Images and Corbis, which are located in Seattle, have laid off employees this year.)
He said the company has experienced record revenue over the past several quarters, a trend he expects to continue this quarter. Clients who use OnRequest for specialized photo projects include T-Mobile, Manpower and Humana.
OnRequest has raised just over $20 million from Menlo Ventures, Maveron and Frazier Technology Ventures.
"We have plenty of capital behind the company, but our profitability goals are pretty aggressive," said Norris.
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| Company | Amount raised |
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Posted by unregistered user at 11/19/07 9:25 a.m.
Thank you SO much for an entire day of postings without mentioning Zillow. Folks do pay attention and appreciate it.