Ellation who is Crunchyroll’s parent company recently laid off 17 employees last on Wednesday.  According to our source AnimeNewsNetwork, Ellation CEO Tom Pickett released the following statement:

“We recently closed an acquisition to significantly expand the size of our engineering team. As part of company restructuring efforts, it is with regret that we needed to make some difficult but necessary changes at Ellation. This morning, we parted ways with 17 employees that played important roles in helping us grow the company over the last several years.”

“This was not an easy decision, but one that puts Ellation on the path towards continued growth. While this announcement is unfortunate, it is not a reflection of Ellation’s overall business. It was a record-year for Crunchyroll in 2016 and VRV is off to a great start. We have some exciting plans for 2017 that we’ll be sharing soon.”

Ellation is a company responsible for three brands, Crunchyroll, VRV and Creativebug. Variety reported that Crunchy roll has approximately 800,000 paying subscribers on their website making it the biggest anime streaming website in the world.

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