Motricity, of Durham, N.C., which develops mobile content such as games and ring tones for mobile phones, will eliminate 50 jobs as part of a restructuring plan, the company announced in a statement.
Here is some local coverage. The company has raised more than $160 million in venture capital from firms like Advanced Equities, Intel Capital, NEA, Noro-Moseley, TCV and Wakefield Group.
The firm now has 425 employees and contractors spread across four locations, including Munich and London.
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