Brazil-based social game developer Vostu is making an undisclosed amount of employees redundant, the company confirmed on Wednesday.
Vostu declined to state the number of workers it was laying off, or the reasoning behind the move. However the announcement comes just over six months after the company settled a lawsuit brought by rival Zynga over copyright infringement, forcing Vostu to make a cash settlement and to change features in some of its games.
Looking to answer press reports on the matter, Vostu’s statement on the issue reads: "Vostu grew a significant amount in the last 18 months and is constantly focused on improving efficiency for future growth which includes select and strategic hiring. We are consolidating our game design and development at our new headquarters in Buenos Aires."
Founded in 2007, Vostu has raised about $46m since then, with Intel Capital involved in each round. Investors also include Tiger…
