San Francisco - Independent music digital distributor IODA laid off about 15% of its staff last month, CNET News.com reported, citing a source affiliated with the company.

"There was some belt tightening while the company concentrates on reaching profitability next year," company spokeswoman Heather Staples told CNET, adding that the company now counts 75 employees.

Founded in 2003, San Francisco-based IODA provides distribution for independent record labels to digital services like iTunes and Amazon MP3.

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http://news.cnet.com/8300-1023_3-93.html

http://www.iodalliance.com