Category: Technology Author : Duncan Riley Posted: October 10, 2008
Tags : seesmic
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.
![Crazy Objects That People Have Swallowed and Inserted [Medical Infographic]](http://www.inquisitr.com/wp-content/2011/07/Objects-Inside-Person-Xray-100x100.jpg)
![The augmented reality tattoo [Video]](http://www.inquisitr.com/wp-content/2010/02/tattoo-100x100.png)
Oct 10, 2008
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)
Oct 10, 2008
No wonder, does anyone use it in the real world or just friendfeed