Oyo Sportstoys: Massachusetts toy maker sheds 50% of its staff after HQ expansion

OYO Sports, a sports toy startup that recently landed a tax incentive for an $8 million headquarters expansion project in Marlborough, has laid off about 50 percent of its staff in an effort to focus on profit. The startup's CEO Scott Healy confirmed that about 35 employees were recently laid off. "OYO has been a venture-backed company and operating under significant losses under the assumption that we would just keep raising venture capital money," said Healy, who was appointed CEO in October...