1. Ad-free social network Ello readjusts staff, says bye to 5

    Ad-free social network Ello readjusts staff, says bye to 5

    Social network Ello, which has raised $10.5 million from investors, laid off five people from its Colorado staff in an attempt to make better use of its resources and save money, Ello’s CEO Paul Budnitz confirmed Monday. “As you know, Ello grew very fast, and we recently made some adjustments to gain efficiency and cohesion for our team,” said Budnitz, who co-founded the company with six others. Budnitz, who lives in Vermont, said the bulk of the team remains in Denver and Boulder.

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  1. Quotes

    1. As you know, Ello grew very fast, and we recently made some adjustments to gain efficiency and cohesion for our team.
    2. We removed a couple of organizational layers to speed up communication and be more nimble. We're learning a lot quickly — we're more flexible, making better use of our resources, and saving money.
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