Machinima Chops 10 Percent

High flying, YouTube network Machinima has laid off 10 percent of its staff, as part of a reorganization, according to reports Friday evening. News of the layoffs first trickled out via Twitter from many of the firm's former employees. Los Angeles-based Machinima has been one of the most highly watched of a crop of local companies tackling creating and distributing content on YouTube.