Clinkle, a stealthy mobile payment startup that recently raised the largest seed financing round in history, today has completed an internal reorganization. Or, in other words, layoffs.
Fortune has learned that the San Francisco-based company has issued pink slips to 16 employees, or just around 25% of its staff.
No word yet on any names except that most of the moves come within the business, rather than engineering, ranks.
Read more via Fortune.