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The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament

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'The first time ever in my career': Senior Citi executive on why the ultrawealthy want to diversify away from America
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Github Cuts Sales Staff

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Erin Griffith
Erin Griffith
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Erin Griffith
Erin Griffith
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December 8, 2016, 1:45 PM ET
Boxer-Clad Coders Adorn Silicon Valley's Billboard Boom
Workers install a billboard for GitHub Inc. in San Francisco, California, U.S., on Tuesday, Nov. 11, 2014. GitHub, which provides open-source code hosting services and has raised more than $100 million from investors, is among tech startups boosting demand for billboard space around Silicon Valley. Photographer: David Paul Morris/Bloomberg via Getty ImagesPhotograph by David Paul Morris — Bloomberg via Getty Images
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This article originally appeared in Term Sheet, Fortune’s newsletter for deals and dealmakers. Sign up here.

Github, a San Francisco-based online project hosting startup, has made cuts to its sales department. The company confirmed the cuts to Fortune, saying the layoffs made up “less than 5%” of its employees. That would be around 30 people. A company spokesperson said the layoffs were part of Github’s focus on enterprise sales. “We are refocusing our resources in order to serve our customers more efficiently,” the spokesperson said.

Valued at $2 billion, Github has raised $350 million in funding from Andreessen Horowitz, Sequoia, IVP, Thrive Capital, and SV Angel.

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