That was a terrible heading. Ah well.
In more bad news for the Oregon startup and tech community, Jive Software (based out of Portland) is laying off about 30% of their staff (which is interesting, considering they doubled in size since last year, until this announcement).
They're still building world-beating products, right? Of course. That's why their VP of Engineering, Marty Kagan, has left.
They're still selling to an eager customer base, right? Of course. That's why their VP of Sales, Scott Campbell, has left.
Its interesting to note that Jive is one of the old startups, having been around since 2001, on only $15 MM in funding. That probably means they're around break-even, if not slightly profitable. And they're a Sequoia company, so this is probably one of the early Sequoia kids pruning their trees after the scare tactics their parents have recently employed.
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