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13th
Mon
13th
Voice-to-text firm SpinVox is trying to pay staff in stock instead of salary this summer to save money, we have learned and confirmed - despite getting $100 million funding only last year. The company said: “We are offering all of our employees the opportunity to exchange all, part or none of their salary in July and August for share options, according to their wishes … It’s part of reacting to the global credit crunch. We’ve seen other companies take other kinds of measures.
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Just for market clarity I think it is worthwhile to report that SimulScribe/PhoneTag is profitable.
