Bad News From the Back9. Company Cuts More Than 40% Its Workforce.
The storm begins early at Hartford’s Back9Network with news that the louche golf video operation has cut more than 40% of its 85 employees. The Hartford Business Journal has the story.
Back9 has been making the wrong sort of news lately. It was unable to pay employees in a timely manner early this month. Last week, news broke of an ugly lawsuit between the company and its founder and former chief executive Jamie Bosworth.
State taxpayers have more than a $5 million stake in the stumbling start-up that was announced with fanfare and hit hopes by Governor Dannel P. Malloy in 2012.