Recent Blog Posts
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Mapping Company Raises Millions
Nov 20 20094:09 pm EDT -
Facebook Valuations Are All Over the Map
Nov 20 200911:30 am EDT -
The Future of Tech, 2010 Edition
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Automatic Pancake-Making Machine Attracts $2 Million in Capital
Nov 19 20094:53 pm EDT -
Apple Talk of Microsoft's Annual Meeting
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There Is Still Hope for the News Business
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The Google Phone May Be Near
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Amazon Grocery Service Goes Mobile with iPhone
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How Microsoft Blew It in Mobile
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Ten Reasons Why Startups Fail
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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
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