BitTorrent has laid off nearly 1/3 of its workforce

Despite some impressive growth over the past few years, BitTorrent has been forced to lay off nearly a third of its workforce, the biggest such shakeup of the company’s staff in seven years. The San Francisco-based company is trying to play this off as a “realignment” of its business but, with more than 40 of BitTorrent’s American employees being cut loose, its hard to see this as anything other than an act of necessity.