BitTorrent Inc., the company behind the popular uTorrent file-sharing client, has laid off close to a third of its U.S. workforce. Speaking with TorrentFreak a source close to the company says that up to 45 workers had their contracts terminated Thursday, "gutting" the company's advertising team and pushing more work to its offices in Minsk, Belarus.
From Netflix to Hulu to Apple, it seems everyone is producing original video content or plan to be soon. Couple this with so many services now in the hunt to secure streaming rights to existing content, it shouldn’t come as a surprise that BitTorrent usage and piracy is on the rise again.
BitTorrent has fired its two co-CEOs Robert Delamar and Jeremy Johnson and laid of an unknown number of staffers, Variety has learned from multiple sources. BitTorrent CFO Dipak Joshi has stepped in as interim CEO.
Several Internet providers in India have found a clever way to reduce the load BitTorrent transfers put on their network, while pleasing their torrenting subscribers at the same time. They've teamed up with Torbox.net which offers a fully fledged torrent search engine that connects users to 'local' peers to guarantee maximum download speeds.
