Anonymous messaging app Yik Yak lays off 60% of employees

The Verge reports that Yik Yak, an anonymous messaging app that swept college campuses in 2014 and 2015, has laid off about 50 workers, leaving only about 20. Yik Yak told The Verge the layoffs amounted to 60% of staff.
Layoffs were reportedly concentrated in the company’s community, marketing, design, and product teams.
This comes less than two years after a November 2014 investment round, led by Sequoia Capitol, that valued the startup at $400 million. App growth stalled quickly after th