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Topspin In Major Layoffs, Says Report

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Topspin is venture backed by Foundry Group and Redpoint Ventures. Topspin did not detail the reason for the layoffs, or how many employees were affected by the move. topspin music media layoff jobs employment software' READ MORE>>.

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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc. You can go to the Hot List post to see what was hot then. Here's the rest.

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Machinima Gets $24M, But Chops Staff

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along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. investment employment jobs layoff warner capital venture machinima' Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., READ MORE>>.

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BetterWorks Shutting Down On May 31st

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BetterWorks had raised $10M in funding from Redpoint Ventures. Craig said that the shutdown came as a result of not being able to sustain a large enough market, relative ot the high cost of customer acquisition. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach. READ MORE>>.

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Report: Buzznet Chops Staff

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Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others. This publication has not yet confirmed the cuts with the firm.

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