The company is currently running with a staff of only 10-20 people. According to an ex employee, the fall for this startup is mainly because of its work culture which is built on "work hard and party harder". LocalOye had raised $5 million in series A funding from Tiger Global and Lightspeed Ventures.The post LocalOye Lays Off Most Of Its Employees [Soon To Shutdown?] appeared first on NextBigWhat.