Lytro focusing on video and having managers issues
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Workers at Lytro got a mixed bag of news on Wednesday, with the photography startup telling employees both that it has raised a further $50 million, but also that it intends to cut a significant chunk of its workforce.
Lytro plans to use the new funding to make a strategic shift, taking its signature light-field technology into new areas, including video and virtual reality.
The company is expected to cut somewhere between 25 and 50 people from its 130 person workforce.
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I knew this was coming. We are heading towards a world of 5-10 locked off 20k Lytro video camera on set, and evey decision will be made in post.
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