Storm8 lays off about 130 from its social mobile gaming studio

Social mobile game publisher Storm8 laid off a large number of its employees this week.

By one account, the San Mateo, California-based company cut about 130 jobs, going down from 240 people to 110.The move shows just how hard it is to compete in the $40 billion mobile gaming business, where the ranks of developers are splitting into the haves and have-nots.