Path announces job cuts, says Path 4 is upcoming

10/16/2013 | All Things D

Path says it's shedding about 20% of its workforce as it prepares to launch Path 4, the latest iteration of its social network. Officials said the restructuring isn't a sign of problems. "We're realigning the company to support continued innovation," an unidentified Path representative said. "... Business continues to stay healthy."

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