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Summary:

Personal video startup Seesmic laid off seven employees today, on top of the three employees it laid off last month. Seesmic founder and CEO Loic Le Meur explains in a video (embedded below) that the layoffs were mostly from the product side. September’s layoffs had been […]

Personal video startup Seesmic laid off seven employees today, on top of the three employees it laid off last month. Seesmic founder and CEO Loic Le Meur explains in a video (embedded below) that the layoffs were mostly from the product side. September’s layoffs had been primarily on-camera talent.

Tough times. Tough decisions.also read my blog post http://www.loiclemeur.com/english/2008/10/tough-times-tou.html

If our counting is right, San Francisco-based Seesmic is now down to about 13 employees. The company raised $12 million in funding from Omidyar Network, Wellington Partners, Atomico and individuals. It’s a quick reversal of fortune considering Seesmic just hosted a big party at the TechCrunch conference in San Francisco last month.

Le Meur explained that the layoffs were in recognition and anticipation of tough economic times. It’s a line are all going to be hearing a lot more of in the coming months. Also today Fast Company, which employs videoblogger Robert Scoble, laid off 20 employees from its digital arm. Scoble is staying on but will be reporting to a new boss.

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