Deem To Shed Product Lines Lay Off Employees

SAN FRANCISCO, Calif. — The new COO of e-commerce provider Deem plans to slim down the company’s product efforts from about 10 to three, keeping travel, expense, and car service (in both flavors, corporate and operator), according to a report in Tnooz.com.

“We got into a little trouble in execution, with so many irons in the fire that the company was spread too thin, frankly,” COO John Rizzo said.

The streamlining means that the 250-employee company will have to undergo some layoffs, he said.

The developments follow recent announcements of $34 million in new stopgap funding and the departure of its CEO and founder, Patrick Grady.

Background article: NLA Terminates Its Agreement With Deem

Keywords

apps   cloud computing   Deem   executive changes   NLA   Patrick Grady   

 

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