Bad News @ Questia Media

The Houston Chronicle is Reporting Questia laid off half of its work force Tuesday. They are also slowing down the pace at which books are added to the site because it was too hard to raise enough additional cash from investors to justify the pace at which it was adding books. Laid-off employees will receive eight weeks of pay and 60 days of benefits, not too bad I guess. They\’ve also had a fivefold increase in the number of paying subscribers in the past two weeks alone, that puts the number at around 5,000.

May 9, 2001 by Uncategorized 0

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