BitTorrent cuts staff, replaces CEO again
BitTorrent Inc. has had a rough year. The company looking to make revenue from Bram Cohen’s file sharing software is just another company struggling in today’s turbulent economic climate. The company announced on Firday that it cut about half of its staff, and replaced its CEO Doug Walker. The company already experienced a 22% layoff back in August this year.
Eric Klinker, Chief Technology Officer (CTO) has been named as Walker’s replacement. He has “two decades of networking, content delivery, and management experience.” Walker had left Alias Systems just last year to take up the CEO position at BitTorrent.
“Klinker has…been instrumental to the continued development of the BitTorrent client, BitTorrent’s Delivery Network Accelerator (DNA) content delivery service, BitTorrent’s Software Development Kit (SDK) and BitTorrent’s proprietary advanced congestion control technology. The latter has been at the center of BitTorrent’s influential discussions and well-publicized collaboration with Comcast Corporation, as it seeks to deploy a protocol-agnostic network management solution.” A BitTorrent statement read.
According to the Times, the company is planning to shut down its BitTorrent Entertainment Network media store.
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