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