Bad news in the virtual world market. Linden Lab is laying off 30% of their staff as part of a restructuring. The company is consolidating software development teams in North America and plans to fix up their customer support department.
As part of the restructuring, Linden Lab will be shutting down their UK and Singapore offices. They are also reducing staff in Mountain View and San Francisco. Linden Lab was valued between $658-$700 million within the last year. Linden Lab is best known for creating virtual world Second Life.