Glitch laid off “a substantial number of employees” on Thursday in an effort to cut costs and ensure “long term viability,” the company confirmed in an email to The Verge. Glitch said it had to “significantly cut operating costs” due to market conditions.
At least 18 people were laid off, according to two former employees who asked to remain anonymous. Glitch had about 50 employees before the layoffs, the sources said. Glitch declined to comment on how many employees were laid off. The company said it is offering “severance, health insurance, and support in finding new employment” to employees who were laid off.
Glitch CEO Anil Dash tweeted that the layoffs came as a result of being a “small company in a fiercely competitive space in a…