There seems to be some disagreement over the financial health of Veoh.
The online video-sharing site allegedly laid off 40 percent of its 110-person workforce, according to tech gossip blog Valleywag, which on Monday credited "an online-video industry insider" with the tip.
However, a representative for the company told CNET News that the report was false.
"I have no idea where their sourcing is coming from," spokesperson Gaude Paez said Monday, adding that she was disappointed Valleywag didn't contact the company for comment. "Everyone who was employed here Friday was employed here today, and … Read more