Loses CEO, CTO and More Thanks to New Owners

Posted Jun 27, 2011 staff are suffering major layoffs at the company at the hands of new owners AFCV Holdings. The company was bought out by AFCV earlier this year, despite shareholders’ complaints. More than half of the company’s Israel offices’ staff were fired, including CEO and founder Bob Rosenschein and CTO Jeff Schneiderman. Other effects of the shakeup include the end of services like 1-Click Answers and the company’s investment in some mobile apps. [TechCrunch]