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Updated: Back in October, when I broke the news that uber venture fund Sequoia Capital had organized a secret meeting in which it warned its portfolio companies to prepare for the pending financial apocalypse, the revelation was met with some skepticism. Some thought Sequoia was using […]

Updated: Back in October, when I broke the news that uber venture fund Sequoia Capital had organized a secret meeting in which it warned its portfolio companies to prepare for the pending financial apocalypse, the revelation was met with some skepticism.

Some thought Sequoia was using the downturn to its own advantage by putting a chill on the startup ecosystem. The sequence of economic events since then, however, points instead to their prescience on the matter. Mike Moritz, general partner with Sequoia, who has backed companies such as Yahoo and Google, recently told The San Francisco Chronicle that nothing had changed the firm’s view since the October meeting.

Their portfolio companies have taken their message to heart and have pruned their ranks. Thanks to hard work by Brendan Gahan, winner of my research assistant contest, and runner-up Susie Lin, we have compiled a scorecard using publicly traded information.

Among the companies, some 20 of them have cut more than 500 jobs, with online shoe retailer Zappos slashing the deepest, taking out 128 positions. It’s unclear how many jobs Jive Software and Widgetbox cut. It was rumored that Jive cut 40 people but the CEO denied that it was that many. We have heard that the total number was 36 out of which nine were contractors. 

For more information on job losses at various technology companies, visit Techcrunch’s layoff tracker

Company Layoffs Company Layoffs
* Number is unconfirmed (40 were reported, but CEO denied it was that many)
** Number of employess unknown
AdBrite 40 Meraki 10
Dash Navigation 55 Pontis 14
Discretix 10 PopularMedia 10
Edelweiss Capital 30 Ruckus Wireless 9
Eons 8 Searchme.com 11
imeem 20 StrongMail Systems 30
Jawbone (AKA Aliph) 25 Sugar Inc. 9
Jive Software Unconfirmed * WeatherBug 43
LinkedIn 36 Widgetbox 20% **
Mahalo 6 Zappos.com 128
  1. How about Mevio (nee Podshow)?

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  2. Wow…Edelweiss Capital? I’m pretty surprised Sequoia had a stake in this institutional broker/dealer located in Bombay, India. And only 30? haha…that’s laughable at best.

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  3. I am not sure how “in depth” the research was – almost anyone following tech stories would remember Sequoia Capital invested in Mahalo, and that Jason was very public about cuts and did it earlier than most.
    Jason is bound to see this as he is phenominal in his reputation management – I look on many of the cuts companies made as strong management decisions at an opportune moment

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  4. Appologies, I missed Mahalo tucked down in the bottom left corner

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  5. [...] when VCs thought they were seeing the light at the end of the tunnel, it turns out there’s an oncoming train that is getting louder, closer and set to derail VCs for [...]

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  6. [...] scores big — GigaOm has put together a scorecard showing the layoffs at all the portfolio companies of Sequoia Capital, whose infamous internal memo [...]

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  7. you guys are missing green dot (greendotcorp.com)

    not sure how many but in the 50s range

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  8. [...] der Dienst GigaOM Zahlen zur Mitarbeiterentlassungen bei Portfoliountenrehmen von Sequoia Capital zusammengetragen. Allein Zappos entlässt demnach 128 Mitarbeiter. Sequoia Capital ist einer der erfolgreichsten [...]

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  9. [...] Om Malik and Sequoia Capital sure think so. [...]

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  10. WidgetBox had about 27 employees last October

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