Mobile marketing platform Tune has reportedly cut 30 staff – around nine per cent of its total headcount – in an effort to return to profitability.
The cuts were confirmed to GeekWire by Tune CEO Peter Hamilton, who said they were “necessary to ensure the health of the business”.
The move affects jobs across the company and its nine offices.
Originally founded in 2009 as ‘HasOffers’, the company has been profitable for most of its history, but expenses have recently overtaken revenues. Hamilton remained confident this would turn around following the cuts, however, saying: “There is definitely no shortage of growth opportunities.”
The company is still hiring for open roles.