Jaxtr, a startup that offers VoIP serivce as well as a social network, has laid off 13 of its employees and has been added to the layoff tracker. As of June 2008 the company had 35 employees (we’ve asked the company for the current count). Update: The company now has 30 full time employees.
CEO Konstantin Guericke says that the company is well positioned to weather the economic downturn, as it has not yet spent any of the $10 million Series B round it raised in June. He says that along with the company’s revenue streams and growth, the cash will be enough to sustain the for at least 18 months, and that it will continue to hire for essential positions like web developers and system administrators.
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These layoffs, while the CEO of Jaxtr flies to Hawaii for the Lobby Conference.
Nice.
why is this news? the company will continue to hire essential employees..
blah, blah…but then, what do they know if they hired this batch?
Is it really necessary to post a story on every company that lays off workers?
one of the smaller layoffs compared to the others
Chung is King!
sooo…they had a bunch of non essential positions in the company? all these companies are full of shit.
Enough of the layoff stories OK TechCrunch? Let’s go back to the companies are are hiring and that got funded.
We prefer those stories, too. Unfortunately that’s not really the trend these days.
layoffcrunch.com is still available — keep it on a new site if you really want to make a story for every single layoff..
You don’t have to be all rosie but what about a job board for those who have been laid off. You write about all these companies letting go of people, well give those people a place to advertise there skill set. In sports you always find a few gems of the waiver wire. Well be that wavier wire. Even a place where these people can maybe form there own companies.
Furthermore why not do a feature on ways to do business cheap. Over the past year I have seen lots of exciting technology that is suppose to help people do things cheaply.
How would you do a startup in this economic environment? Instead of saying cut, and steamline say here are some useful online tools that can help with that.
Mix a Zoho, Backpack, 16bugs, jingproject, google docs, amazon web services into a startup for less than $20 g’s….
If you had to start up a company tomorrow how would you do it in the most cost effective ways and I don’t mean general stuff we all know. What would streamline mean to you…
This is internet starvation…show us what tools can help us rise from the ashes…
The economy sucks
King is Chung!
Funny we are hiring people, it is great to see bad idea’s fail, and the last time this happened in 2001, we made a killing.
If you want a real job, long hours, with a company that is profitable visit us.
We are hiring PHP programmers for iPhone and social networking type website.
I can’t wait to read all startup reading, hopefully a few dedicated, hardworking, smart ones will look us up at fort wayne jobs dot com.
Funny we are hiring people, and the last time this happened in 2001, we made a killing.
If you want a real job, long hours, with a company that is profitable visit us.
We are hiring PHP programmers for iPhone and social networking type website.
I can’t wait to read all startup reading, hopefully a few dedicated, hardworking, smart ones will look us up at fort wayne jobs dot com.
I have a had a few comments deleted
Sucks, lot’s of companies failing.
Check out http://www.fuckedstartups.com to keep track
You have to prune a few leaves my friends. I have high hopes for Jaxtr. Chung is da man.
Wow, that’s one hell of a brood!
I think its a shame that Jaxr had to follow trend and cut staff. They are one of the jewels in the Silicon Valley startup scene. I don’t see them going away anytime soon, maybe just slowing down and laying low for the next few months while the noise shakes itself out.
Boris
http://www.thewebar.com
I think these stories are great, not for the schadenfreude but rather for what they reveal about the companies themselves
1) “going from 43 -> 30 makes us stronger, blah, blah, blah” - then what were you telling your board when you grew from 30 to 43?
2) “with our substantial revenue stream, our $10M reserve should last us 18 months” - wtf? $10M should last you more than 2 years with 0 revenue. seriously. so, what other things are you wasting money? and, what do you still have no income?
instead of praising the “great CEO making the tough decisions” (seesmic) we should be asking the tough questions. so, TC, please keep these stories coming.
People always hate to talk about when they are laid off. But as it has become every day’s news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not. And every thing they want to tell anonymously.
And http://www.layoffgossip.com is providing you that platform.