Rosetta Stone eliminates 48 positions in Harrisonburg, opens TX and CA tech centers, buys Livemocha for $8.5M

Rosetta Stone, which was founded in Harrisonburg, VA and is now a publicly traded company, has been making some rapid moves over the past few weeks to transform themselves as a company....

March 12 - Rosetta Stone eliminates 48 jobs in Harrisonburg, VA
Rosetta Stone Press Release, WHSV, Washington Business Journal, Washington Post

March 12 - Rosetta Stone opens tech center in Austin, TX and San Francisco, CA
Rosetta Stone Press Release, Austin Business Journal

April 2 - Rosetta Stone Acquires Livemocha for $8.5M
Rosetta Stone Press Release, Geekwire, Washington Business Journal
  
The GOOD NEWS for Harrisonburg is that Rosetta Stone has been a significant part of our diverse local economy for many years, and likely will be for many years to come. 

The BAD / CHALLENGING NEWS for Harrisonburg is that as Rosetta Stone evolves as a company, it seems that they may have to find more and more of their talent in markets outside Harrisonburg, and even outside the DC metro area where their corporate headquarters are located.