LAS VEGAS -- Downtown Project which was founded by Zappos.com CEO Tony Hsieh is laying off 30 employees, a source tells 8 News NOW.
The project was established to redevelop downtown's East Fremont Street and encourage the growth of more businesses. 8 News NOW has learned some of the cuts are from the corporate side and community based entities involving arts and music.
The Downtown Project's communication office released a statement Tuesday afternoon:
"Since January 2012, Downtown Project has been working to help revitalize downtown Las Vegas through several hundred investments and initiatives. At this time, we are focused on streamlining our operations as we continue to execute on our plans. Doing so requires that we restructure our operations and focus on follow-on investments.