Recent Blog Posts
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A Big Fat Geek Survey
May 25 20123:56 pm EDT -
Phasing Out Instagram
May 25 20122:27 pm EDT -
UberConference Is Victorious!
May 24 20121:49 pm EDT -
Ark Floats, Olive Branch Unseen
May 21 20126:30 pm EDT -
Teach the Internet to Forget
May 21 20124:39 pm EDT -
Microsoft Patent Begs the Question:
Who Needs Developers?
May 17 20123:30 pm EDT -
Mozilla's Monitor-Me-Not
May 17 201211:38 am EDT -
Google's Brain Gets Humanized
May 16 20125:30 pm EDT -
Pandora Demographics Aim Wedding Proposal
May 16 201212:19 pm EDT -
New York Techies Get Mappy Way to Job Hunt
May 15 20122:50 pm EDT
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Nov 06 2008 2:15pm EDT
LinkedIn Layoffs Imminent
A spokesperson with the career-based social networking site told Reuters that the cuts are preemptive to make sure the company remains cash-flow positive, and that the decision was made by management, not investors.
One of its backers, Sequoia Capital, recently gave its portfolio companies a pessimistic presentation on cost cutting and how the economy will affect Silicon Valley.
LinkedIn has been doing well in bringing in new users during the economic downturn, and even raised another $22.7 million a few weeks ago.By Chris Snyder for Wired.com
Also on Wired.com:
Obama's Most Important Science Decision: Picking EPA Head
Thom Yorke Celebrates Obama Victory with Free Remix
5 Signs President-Elect Obama Is a Geek
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