BitTorrent Fires CEOs, Closes Los Angeles Studio, Shutters BitTorrent Now
BitTorrent has fired its two co-CEOs Robert Delamar and Jeremy Johnson and laid of an unknown number of staffers, Variety has learned from multiple sources. BitTorrent CFO Dipak Joshi has stepped in as interim CEO.
The company is also closing its Los Angeles-based production studio and shuttering its BitTorrent Now video streaming efforts. This comes just months after BitTorrent announced a renewed focus on media under the leadership of Delamar and Johnson.
BitTorrent founder Bram Cohen laid out the changes in an email to staff earlier this week, according to a source, but layoffs apparently began as early as two weeks ago. In addition to being ousted as CEOs, Delamar and Johnson were also removed from the company’s board of directors.
