Keeping itself loyal with the traditions, adult social networking startup Zivity has layed-off one third of their workforce. The startup has let go 8 of their employees and are now operating with the remaining 14. Zivity is amongst the very few venture backed sites that focuses on adult content. The site has raised $8 million in capital thus far. According to CEO Cyan Banister, the cuts were made across the board and layoffs were made in order to ensure company’s sustainability in troubled times.
[via TechCrunch]
