Linked To Layoffs - LinkedIn Trimming Staff

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.

Signs Of A Downturn - Veoh Layoffs

San Diego-based online video site Veoh is laying off 20 of their 110 employees.

Veoh has brought in $70 Million in funding, including $30 Million last June, so this sounds like yet another pre-emptive move to manage costs during the slow economy.