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Web-based toy maker Smith & Tinker lays off 30 percent of staff

Smith & Tinker had a high-profile launch of its Nanovor toy and accompanying game web site this fall. It was billed as a marriage of toys and online games.

But yesterday the company laid off about 30 percent of its staff, which may be about 15 of its 50 or so employees, VentureBeat has learned. The company confirmed it had layoffs this week, but it didn't say exactly how many.

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