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Mzinga Cuts 18% of Workers, CEO Departs

Mzinga, a Burlington, MA, provider of Web-based social media and training software, has laid off 18 percent of its workers, leaving the firm with 170 employees, according to a company blog post. The blog post also revealed that CEO Rick Faulk will be leaving the firm and Barry Libert, the company’s executive chairman, has taken over the chief executive role. The layoffs are reflected in our updated Boston Tech Layoff Tracker. The new round of layoffs was due to the slow economy and follows the firm’s January announcement that it let go 15 workers.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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