According to a Friday post by Justin Hume on his blog, WeeklyProjections.com, RotoHog.com laid off a large portion of its staff on Thursday, including Hume.

Hume’s post says that the news caught those affected by surprise.

“In fact, we were told literally every week that we were in great shape financially,” Hume writes.

RotoHog has been making news lately with attention-drawing promotions, such as offering Steve Bartman $100,000 to attend a Cubs playoff game and bringing in professional athletes to play and represent some of its games. If it’s true that mass layoffs are afoot, though, that obviously wouldn’t speak well of the company’s health.

A little more than a year ago, RotoHog gathered $6 million in investments from venture capital firms, including DFJ Dragon, Mission Ventures, Allen & Co. and SCP Worldwide. During a panel discussion at the July Fantasy Sports Trade Association conference in Chicago, then-employee Scott Philp confirmed that RotoHog had secured another $4 million from investors. Philp has since moved on to Play Hard Sports.

We’ll seek out more information and pass it along as it becomes available.

Tags: fantasy sports, fantasy sports business, fantasy sports industry, rotohog, weekly projections

This entry was posted on Saturday, October 18th, 2008 at 9:14 pm and is filed under Lead Stories. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.