Companies are working to weather challenging market conditions.
As technology companies continued to roll out second quarter earnings, it’s increasingly apparent that no one firm is having an easy time of it. Revenues are up at a couple of companies, but across the board so are losses at Q4 Inc., E Inc. Goeasy Ltd., and BBTV. Holdings Inc.
In fact, BBTV was among the ranks of firms this quarter that had to lay off staff in the face of declining revenues and growing losses. The company that serves independent content creators and media companies didn’t disclose how many people it laid off in June, only that it reduced its total staff by some 14 percent as part of a “cost optimization plan.’
BBTV sustains losses as YouTube growth slows
Despite cutting approximately 14 percent of its workforce in June following a revenue decline in the first quarter of 2022, BBTV continues to…