This year, the scene’s quite different. There's only one instance of loud music and dancing girls at the show (conveniently near the press center), and there’s also a lot of wide-open, empty booth space (see All Quiet on the Geneva Front). Not surprising, considering what the industry has been through in the past four years.
In 1999, the Internet bubble was at its pinnacle. Companies couldn’t hire engineers, marketing execs, and PR flacks fast enough. Instead of popping open a bottle of champagne and partying like it’s 1999, most folks today are handing out extra copies of their resumes at Pink Slip Parties.
Hopefully, the industry will look different when ITU 2007 rolls around.
Without further ado, let’s take a look at the latest hirings, firings, shutdowns, and furloughs of the last few weeks:
“Because we’re in the midst of this funding round, our board wanted to make sure that we didn’t get too far down into our cash reserves,” he said.
The company currently has 65 employees on its roster. Corbalis wouldn’t say how many of them are now on furlough, but he said that enough people are around on a day-to-day basis to handle the company’s product shipments.
The company has raised a total of $251 million in four rounds. The latest round was in December 2000 for $195 million.
At least one executive is still hanging around the office. CEO Josh Weiss picked up his phone on Tuesday, but when he heard it was Headcount he refused to answer questions. He said he’d call right back – yeah, right.
Here's a summary of other industry appointments (and disappointments) from the past two weeks:
— Marguerite Reardon and Craig Matsumoto, Senior Editors, Light Reading