Posted in: Technology

Seesmic lays off an additional seven employees

Tough times. Tough decisions.also read my blog post

Social video service Seesmic has announced further job cuts today, in what founder Loic LeMeur describes as a getting “Seesmic ready for what most are anticipating to be a bleak economic outlook for the considerable time going forward.” Full video above.

LeMeur did not specify which seven employees would be looking for new jobs, but the announcement follows three employees working in content creation being put off by Seesmic mid September.

It’s a smart move by Loic, that cuts the cash bleed at Seesmic at a time where no one quite knows what the future may bring. Expect lots and lots and lots of similar announcements from startups in the coming days, weeks and months.

Seesmic

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3 Responses to “Seesmic lays off an additional seven employees”

  1. Mark J

    It takes character to announce such an event. I really believe Loic is sincere and feels terrible. Seesmic and other companies that do not have a real business model will unfortunately go out of business. I'd be willing to bet that Seesmic has not generated $1M in revenue (real money deposited into an account). If someone can prove me wrong on the revenue I'd love to see it (post source)