YouSendIt trims 20 percent of staff
Large file delivery service YouSendIt is the latest tech company to downsize, laying off 14 employees (20 percent of its staff). Unlike other companies cutting jobs, however, it didn’t cite the poor economy as the primary rationale. Rather, it hopes to rechannel its resources into the enterprise side of the business, reports VentureWire.
The Campbell, Calif.-based company, launched its enterprise services in 2007 for businesses looking to electronically send large files in high volumes. It has two such packages, Corporate Suite and Business Plus, which offer storage space, file tracking, certified delivery and payment-by-invoice for a monthly fee starting at $29.99. Right now, YouSendIt says it has about 750 corporate clients that supply 15 percent of its revenue.
To grow this area of the business, the company will tap its largely unspent $14 million third round of funding received in July — a round led by Emergence Capital Partners. This round brought the total of venture capital raised to $34 million.
There are numerous other large-file transfer websites out there — CuteSendIt and WebCargo among them — many of which offer the exact same corporate advantages for lower fees.
Next Story: Hungry Oracle gobbles up software maker Haley
Previous Story: Record your own “I’m a PC” video — then go buy a Mac
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.