Verizon is readjusting its video streaming division. The company has laid off 155 people in its Go90 team and it plans to rebuild that section using the team it acquired from Vessel last year. Vessel's existence within the company led to there being "some duplicative resources" that Verizon had to get rid of.
Go90 will now be led by Richard Tom, former Hulu CTO and Vessel co-founder. He's receiving the title of CTO of Verizon Digital Entertainment.
Most of the job cuts affected Go90's San Jose office and they took place last week.
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