MeeVee Cuts 20% Of Staff

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1. Math Geek
   

   July 17th, 2007 at 12:23 am

   So lets throw some math at this.

   20% layoff, 27 left. x* 0.2/100 = 27
   x= 34

   34 people company down to 27. Holly Sh*t! What is I gonna do?

2. Michael Fultz
   

   July 17th, 2007 at 12:30 am

   The cuts were in finance, sales, and marketing?
   Some old sayings just flashed into my brain:
   “There’s no romance without finance”
   and
   “It’s the sizzle that sells the steak”
   A small company should not be laying off people in sales or marketing. A small company should market itself aggressively. That’s what I think-
   (I think)

3. Pushkin
   

   July 17th, 2007 at 1:21 am

   This was such they can focus on the product which should be the priority for a start-up, not finance or marketing. I hear they are off to launching a new site next month, new features, etc. I think it was a smart move.

4. Cyril
   

   July 17th, 2007 at 1:55 am

   14 MUSD founding and still laying off?

5. sam madino
   

   July 17th, 2007 at 2:19 am

   looks like the bubble burst 2.0 is coming sooner than we thought.

6. Smith288
   

   July 17th, 2007 at 7:50 am

   Another round of venture capital after already taking 14.5 mill? Good God maybe they should fire their enron accountant and just use H&R Block to handle the finances.

7. Joan Smith
   

   July 17th, 2007 at 8:43 am

   “Another round of venture capital after already taking 14.5 mill?”

   Definitely a case of throwing good money after bad.

8. Meltonian
   

   July 17th, 2007 at 9:20 am

   Michael Ranieri is not the founder of Meevee, just the current inept head of state. Maybe they can get a refund on that ridiculous sign and save someone’s job. I mean honestly, where has all that money gone?

9. Pong
   

   July 17th, 2007 at 9:36 am

   As dire as a 20% staff cut sounds, it doesn’t *necessarily* mean that Meevee is in its death throes. Maybe a caveat for locking down additional funding is that Meevee prove it’s uber-focused on creating a viable product (last I checked they weren’t terribly buzz-worthy) and not prone to capsizing due to its bulk.

   In that vein, a sales team may have been premature. Maybe they found a more cost-effective (outsourced) solution for finance and marketing (which I’m assuming is not much more than SEO/SEM).

   As Math Geek implied in the first post, 20% appeared to = 7 people; not an bone-chilling figure. Including 3 execs? Sounds like they may have been rather top-heavy.

10. Whatevs
    

    July 17th, 2007 at 1:14 pm

    This is old news! The layoffs happened over a month ago, sheesh!

11. Concrete Stain
    

    July 17th, 2007 at 2:19 pm

    yeah i disagree with the marketing layoffs;

    - but to see a company trimming down is good.

12. Mr. Roboto
    

    July 17th, 2007 at 3:45 pm

    27 Employees? 20% layoff…
    last i count they were maybe 13 and the numbers keep on dropping…

13. beyondwww
    

    July 18th, 2007 at 5:36 am

    So all that money for who??????

    So is it the incompetent crowd shown the door steps ????

14. bdb
    

    July 19th, 2007 at 1:25 pm

    This is pretty straight-forward; their run-rate was too high for their current traction_level/ user_uptake. Now resources will be devoted to developing the product more fully.

    I’m not a tv owner, but I would imagine someway to interact with a set-top box, pvr. wii, or appletv.

    They compete with tivo and other bigger_hitters. Tough space.