Bay Area's very own LinkedIn surprised everyone by being the first startup to announce layoffs..... ok, maybe this is not a joking matter.
Anyway, LinkedIn is also laying off staff. I am a bit fan of the service - I prefer it greatly over FaceBook, Friendster, MySpace, Hi5. I hope this means the company is growing up, trying to get its act together, because the rumors out of their campus are not favorable. And they did raise a lot of money recently, so the layoffs are a pre-emptive move, hopefully (I really don't want LinkedIn to disappear!)
By the way, surprise surprise - LinkedIn has Sequoia as one of its funders.
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