Things Continue to Look Bad for Vonage

Last week I reported that Vonage wasn’t in such great shape after a lawsuit from Verizon and a court order by a judge. The judge ruled that Vonage wouldn’t be allowed to signup any new customers, which seemed like a death sentence for the already flailing company. Luckily, since then they have gotten this ruling lifted and they can continue to expand their customer base.

(Photo courtesy of CNET)

However, this isn’t a great turning point for the company, they still face pretty tough odds. Engadget reported today that just as Vonage was announcing cost-cutting measures, the acting CEO Michael Snyder resigned. Things aren’t looking too good as the company has announced that they will be consolidating their operations and scaling back advertising. And as was inevitable, Vonage will be laying off some employees. It seems that with every passing day we are coming closer and closer to the not-too-far-off end of VOIP pioneer Vonage.