This could be good news, because if VCs are funding, then startups (and their competitors) will hire more talent, and that will mean fewer layoffs and more jobs.
Mark Heesen, president of the NVCA, provides an important sound bite: "While we expect investment levels to remain steady in 2004, the year will be incredibly dynamic in terms of the industry doing much more with less."
"Doing more with less" isn't just a throwaway line from Headcount's bachelor days – it really does have a meaning for how startups are built and run these days. So we offer this prediction for the telecom workforce in 2004: There will be an increase in companies started and services performed, and but not necessarily in the number of folks employed.
While you ponder that, we'll go ahead and lay out a few notable hirings and firings from the past couple of weeks:
- [The Website] www.emperative.com isn't up anymore;
- If you call the engineering office, the line's disconnected; and
- My last day on the payroll was November 14th... and I wasn't fired."
And here are some further appointments, disappointments, and other employment-related headlines from the past several days:
- 2003 Top Ten: Startup Flameouts
- NetLogic Names VP of Marketing
- Motorola Names New CEO
- Ingalls Succeeds Gordon at Verizon
- Poll Explores Offshoring Gains
- Dune Announces Sales VP and HQ
- Force10 Appoints Korea Country Manager
- Lucent Names Market Boss
- 8x8 Gets New Chair
- Axerra Names US Sales VP
- Intel Adds VPs
- Zhone Closes NJ Center
- Satellite Carrier Cuts Staff
- AT&T Freezes Pay
— Phil Harvey, Senior Editor, Light Reading