Online gamer network Machinima has laid off 13 full-time employees, about 10 percent of its staff, in an effort to “focus its resources on high-growth opportunities.”
“Machinima released 13 production staff associated with Respawn, TFTW and certain shows on Machinima LIVE as this content was simply not delivering the monetization that supports our path to profitability,” the company said in a statement.
Company officials did not respond to a request for comment.
Machinima has seen several rounds of layoffs, including as recently as March when the digital media company let go 42 employees, or 30 percent of its staff. It also laid off staff in late 2012 and again in September 2013. The digital media company said it is now hiring positions in programming, talent development and marketing. As recently as November, the company employed 115 people.
The news comes just after the West Hollywood company’s announcement last week of $24 million in new funding led by longtime Machinima backer Warner Bros. Existing investors Redpoint Ventures, MK Capital, Coffin Capital and Machinima founder Allen DeBevoise also participated.
Machinima has more than 170 million monthly viewers and 3.7 billion monthly views.
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