Thursday, January 11, 2007

Layoffs at Jobster

On January 3rd, we got the word at work that 60 people were being laid off at Jobster. We had heard rumors and there was plenty of drama before this so it was not a surprise to me on January 3rd. Nor am I concerned. In this case, this is probably a sign that Jobster is undergoing a correction more than a collapse. The hiring boom of 2006 at Jobster was (in hindsight) not supported by the business and the company was simply too big.

Working for a startup is tough to recommend to anyone. These things happen, and its tough to watch friends lose their jobs or to lose your own job (which happened to me at Nimble technology), but people always bounce back, you learn a lot, and it can be a benefit.

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