Digitas announced it would cut about 2 percent of its 2,100 employees based in the U.S, while CBS, according to Tech Crunch, has laid off about 275 employees. Lycos Europe annouced it was liquidating its assets, and Alcatel-Lucent, the struggling telecommunications equipment maker, said that it would cut 1,000 jobs.
In later rather than sooner news, Leverage Inc, a holiday gift card management company, laid off its entire staff last Friday. And another round of layoffs we missed last week was at Exponential, which runs the TribalFusion ad network, which laid off about 8 percent of its staff.
An ex-emloyee, admittedly disgruntled, emailed us and said that “( CEO and founder Dilip DaSilva) does not understand the value of human capital and that, like in war, it is not the technology that wins the fight but the talent of the people behind the machinery and their will to succeed not matter what the cost.”
DaSilva told Gigaom that “We decided to be proactive and make adjustments in anticipation of a downturn in the economy and advertising for 2009.” Exponential, launched in 2001, is still an independent company and has taken no venture capital backing. According to DaSilva, it’s also been profitable for the last seven years.
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