4 Comments

Summary:

Shutdown: Mygazines, a web site that allowed folks to share digital copies of magazines, has shut down. It was sued by magazine publishers and later settled. It was a bad idea to begin with, no surprise it is gone. (Folio) Shutdown: Skyrider, a P2P software company, […]

Shutdown: Mygazines, a web site that allowed folks to share digital copies of magazines, has shut down. It was sued by magazine publishers and later settled. It was a bad idea to begin with, no surprise it is gone. (Folio)

Shutdown: Skyrider, a P2P software company, has apparently shuttered its doors after treading water for a very long time. (NewTeeVee)

Restructured: Tesla chairman and investor Elon Musk has taken over as CEO of the company, is cutting staff and scaling back ambitious plans. (Earth2Tech)

Restructured: Twitter has swapped the roles of its CEO and chairman — Ev Williams is the new CEO, and Jack Dorsey is the chairman. No layoffs. (Twitter Blog)

Also….

  • Pandora, an online music startup, is cutting 20. (GigaOM)
  • Heavy.com, an online video site, is laying off 12 employees in a second round of cuts. (Paidcontent)
  • Zillow, an online real estate service, is cutting 40 employees, or roughly 25 percent of its work force. (Zillow Blog.)
  • SearchMe has slashed 25 percent of its work force. (VentureBeat.)
  • Zivity and Hi5 have trimmed their staffs. (VentureBeat)
  • Seesmic has cut 10 jobs. (NewTeeVee)
  1. Nice post Om, very nice to just get the facts as opposed to hearing some commentary on other popular blogs where the authors seem to be almost gleeful…

    Share
  2. @Rob

    Sometimes the facts just say it all. There is nothing to say: we are living through a tough time!

    Share
  3. [...] Stacey Higginbotham, Thursday, October 23, 2008 at 9:01 PM PT Comments (1) The credit crunch has scared America straight for a few quarters at least. This means that consumers aren’t buying, and corporations are putting spending on hold. As such, venture firms have been sowing panic among their portfolio companies, telling them to cut early and cut often. The resulting layoffs are already filtering through the startup ecosystem. [...]

    Share
  4. [...] at a time when businesses across the board are tightening their belts — and many startups are laying off staff or shutting down altogether. Sequoia and Accel are encouraging AdMob to grow aggressively, according to V-P of Marketing Jason [...]

    Share

Comments have been disabled for this post