Modea Lays Off Many of Its Workers

Modea, the digital ad company in Blacksburg that has consistently been among the fastest growing companies in the region has laid off 25 of its 79 employees, according to reports. The company lost its lucrative Verizon Wireless account, for which Modea built simulators and emulators.

President David Catalano reports that the company remains healthy, but needs to be smaller. He says the company will continue to pursue its plan to locate at Blacksburg Middle School.