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BitTorrent has denied our report that the company laid off 12 out of 55 employees. That may be true: While our source told us 12 employees were on the layoff list, we've learned that, at the last minute, the jobs of two sales engineers, an HR manager, and an office manager were spared.

BitTorrent Fires 20% of Its Employees Digg / Tech Industry News Thu, 08/07/2008 - 00:10 BitTorrent Inc., founded by Bram Cohen, the inventor of the BitTorrent protocol, is firing 12 of its 55 employees. The company, which also develops the popular BitTorrent client uTorrent, had been struggling to make money from their download store, which is one of the causes of the layoffs.