- Gawker, Wednesday, October 16, 2013 2:05 PM
Calling it a realignment, social networking app Path just cut about 20% of its workforce -- or 13 employees. "We're working to realign the company to support continued innovation and Path 4.0,”
a company spokesperson tells ValleyWag, adding: “The business is strong … we have 20 million users." Sources tell Valleywag that Path is still seeking a lead investor for a new round of
capital at a $400 million valuation.
Read the whole story at Gawker »