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Seesmic steps up layoffs, look out below
VC Ratings — ... "Of course this is not a decision we have entered into lightly, especially when all of our staff have contributed so heavily to our growth," says LeMeur in a blog post accompanying the video below. "But the longevity of the company is obviously of significant importance--and thus we must reduce costs now in order to establish Seesmic as a solid business and pursue success of the company for years to come." ...

The Well Funded Layoff
Scobleizer — ... Today Seesmic laid off seven staff members, after laying off three other members a couple of weeks ago. They have millions of dollars in the bank and are well funded. Why would they do that? Well, I went over and hung out with the remaining staff and CEO Loic Le Meur this afternoon to learn more and to try to discern the advice that Le Meur got and how many other startups are about to do the same thing. Here’s what I learned. First, Le Meur has a really deep set of advisors. People like Pierre Omidyar , the founder of eBay and Martin Varsavsky ...