This isn’t exactly breaking news — Alex, co-founder of Azoogleads, responded publicly about a rumor about employees being laid off which was posted on FuckedCompany.com (great site to read during the dot com bust, by the way.)

Alex reports that in fact they have around 140 employees, and the 16 that were fired were lower performers.

AzoogleAds has been able to ride the 2006 boom of ringtone offers. In the process this allowed them to attract the internet’s top affiliate marketers. Assuming that their finances are in order they are positioned to be a powerful force in online marketing and advertising over the next few years.