The layoff parade continued this week with cuts announced by several companies. I won’t call out all the names; you can find them listed on Techmeme pretty quickly.
Having been riffed twice during the dot-com era, I cringe whenever I hear about layoffs. For me, getting laid off was a lasting lesson that forever changed how I viewed work.
It’s a commodity, bought and sold based on market conditions. We’re all free agents at the end of the day, which helped take some of the sting out of the second layoff.
Still emotions run high during layoffs, and this time around, there are more ways to slag your ex-company publicly after a breakup. Expect the Intertubes to be littered with layoff reports, rumors and bitter posts from jilted employees. It’s going to get ugly.
For example, the rumor mills have already brought us the infamous “R.I.P. The Good Times” slidedeck Sequoia reportedly showed its portfolio companies earlier in the month.
The most telling slide is this one, obviously expenses points to people.
So, bent on learning from the past, the layoffs begin. This time though, the layoffs are coming early and are cutting deeply.
I don’t view recent events as separate from the bubble that burst in 2000-2001. Seems to me that this is all part of the same downward cycle that was temporarily delayed. Historically, economic cycles usually last longer than a few years, so we’re in for a correction before the upswing begins. Just my opinion.
Someone threw together a parody of the Sequoia presentation, presented by Whiner Jerkins to their portfolio companies. Funny stuff. Uncov will be full of snark over the coming months too, always good for a laugh.
Anyway, it seems like a good time to update that LinkedIn profile, add some friends to Facebook, and give that thing called Twitter a try. Networking seems like a growth area, despite the news that Hi5 is laying off 10-15%; it’s like Paul says, solve a problem.
Or in this case, accdientally solve a problem.
Any thoughts, advice, experiences to share? Find the comments.