AFCV Holdings, a portfolio company of growth equity investor Summit Partners, is axing the majority of people working for Q&A site Answers.com parent company Answers Corporation, which it acquired earlier this year for $127 million in cash. According to Israeli business paper Calcalist, 45 out of 65 employees in the company's offices in Israel were fired, including founder and CEO Bob Rosenschein and CTO Jeff Schneiderman. Another 25 employees or so work out of the United States, but it remains unclear if all of them have also been given a pink slip.
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