According to TechChrunch's Mike Arrington, Jive Software laid off today about 1/3 of their workforce. This would mean about 50+ people in my book. If you used to work for Jive's sales group, please call me or email me and we may be able to work with you. I know that you don't have your rolodex, but I am sure that you remember your contacts ;)

Here is my comment on Mike's blog as well:

        "This is too bad. I hope my friends are ok there. Sam seams to be ok.
If anyone from Jive’s sales is looking for a job, give me a call ;)
We may be able to work with you.  Jive got $15M last year from Sequoia and they were setting it up in for a big sales or an IPO. This was   the word in the cloud. The funny thing is that as soon as the Sequoia ppt got out, we knew that Jive will have to scale back from the 175 people they have. I can point to a few more Enterprise 2.0 companies that will have to do the same. Don’t forget many of these guys do their dev work here in the States and their cost is very high. We will see more cuts in Telligent, IBM, EMC, etc. if you ask me. The high evals are out the door and the VC’s will want the CFO to keep more cash for bad days. The industry will also have to cut their prices. Jive is charging more than the rest of us in the market and will have to go lower now."

good luck guys.
Vassil

http://www.techcrunch.com/2008/10/14/jive-software-lays-off-13-of-staff/

When it comes to layoffs, 1/3 of total staff seems to be a magic number. Portland based Jive Software, which is backed by Sequoia, laid off around 40 people today, a third of their total staff. This follows massive employee growth over the last year. Twelve months ago the company had around 60 employees.

Two Vice Presidents are among those that left - Marty Kagan, VP Engineering and Scott Campbell, VP Sales.

One employee, Chris Kalani, had resigned and his last day was this Friday. But according to his blog he was walked out today along with the others. And as usual, standard human resources procedure meant he and the others couldn’t use their computers again. In a new twist, they weren’t even allowed back to their desks to collect their personal items.

We’re tracking layoffs under the DeadPool tag.

Update: I spoke with Jive CMO Sam Lawrence, who confirms the company had a Reduction in Force today. He won’t confirm how many people (or who) was laid off, but did say that Kalani’s blog post was inaccurate and overstated. He also confirms the company is financially healthy and remains profitable, but that they felt this was necessary given changing market conditions to “stay ahead of the curve.” Lawrence also said that employees who were let go were absolutely allowed to take their personal items with them.

Those of us who went through the last downturn will remember this: the first companies to let people go are often the ones who survive.

  1. Vassil Mladjov Correction, I think they were at 167 or so not 175. If they cut 40 people, that would make it 1/4 not 1/3.
    on 14 Oct 2008
  2. Anonymous
    We should be good... Actually half of the IBM team is in Ireland and India so we should be ok.. ! Thanks for the concern!
    on 15 Oct 2008
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