A Seattle layoff list |
Register here for our next TechFlash Live networking event, March 23, featuring an expert panel discussing the future of online advertising.
I am slated to talk about layoffs in the tech sector at 10:35 a.m. today on KUOW 94.9, so tune in if you want to hear some more depressing news. Actually, as I plan to note today, this economic meltdown is quite different than the dot com bust which led to more than 20,000 layoffs in Washington's tech sector from 2001 to 2004.
This time, the problems started with shenanigans on Wall Street rather than in the halls of overconfident Internet companies in Seattle and Silicon Valley. Lessons have been learned. Internet companies -- and the venture capitalists that back them -- have embraced a lean approach to business in most cases.
That's not to say the tech sector is immune. In fact, the deep problems in the overall economy could have a much bigger impact this time. Layoffs have already become commonplace in the startup ranks, while Microsoft and Google have slowed their aggressive hiring plans.
As my colleague Todd Bishop pointed out yesterday, Microsoft has only recently begun to slow its hiring. Last month, it hired just 380 employees, which puts it on a hiring pace of less than 1,000 workers for the current quarter. That compares to 3,000 and 4,300 employees hired during the previous two quarters, respectively.
Startups companies in the Seattle area also are putting on the brakes, looking at ways to extend their cash positions in order to survive until better times arrive. We've tracked just over 600 layoffs at tech companies in the state in the past two months. (This includes about 300 cuts that are expected at Merck's unit in Seattle.)
"(Software) is slowing, but I still think it is the workhorse that has really helped Washington this past year," Mary Ayala, chief economist with the state's Employment Security Department, told TechFlash last month. Will it continue to be the workhorse in 2009?
Here are the cuts we have tracked so far. Let us know if we are missing any:
Targeted Genetics: 7
Entellium: 114
Microsoft/Fast: 17
Data i/o: Undisclosed
Car Domain: 16
PayScale: Undisclosed
Jobster: 15
Sun: Undisclosed locally
AdReady: Undisclosed
Ramp Group: 5
Merck: 300
Zillow.com: 40
WildTangent: 20
Daptiv: 21
Mercent: 6
Redfin: 20
ClayValet: 2
Faves.com: 3
THQ: Undisclosed
Intrepid: 10
Avelle: Undisclosed
Yapta: 4
Digital Railroad: Undisclosed
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
READ FULL BIOGRAPHYSeattle University Software Engineering
Chinwe Okeke (MSE’08) pursued her graduate degree while working as a developer and technical analyst for the Boeing Company. She picked the SU-MSE program for small class sizes and real world learning opportunities offered through the academic service-learning and capstone projects.
The MSE program at Seattle University is geared for working professionals with classes offered in the evenings. The program builds upon the computing experience of its students and offers courses in a variety of technical and management areas of software engineering, with an emphasis on teamwork and a disciplined approach to problem solving.
Marchex is one of Seattle’s largest ad technology companies with 300+ employees providing call and click based performance marketing products, and managing over $100m in ad budget for tens of thousands of advertisers. Our customers range from local businesses to the Fortune 500.
Our talented and creative product engineering group is hiring.
If you are an innovative software design engineer interested in solving difficult problems at scale, across a wide array of technologies from Lucene to Hadoop to Asterisk and SIP then we’d love to hear from you!
Apply now.
Technology Tax Planning – Did You Take The Deduction?
Technology companies require professional advisors who can assist in all aspects of the business. The BDO Technology Practice provides a full range of services tailored to help address the changing needs of domestic and international companies. In addition to core audit and tax services, BDO professionals can assist technology companies with:
· Revenue recognition
· Business combination accounting
· R&D tax credits
· Compensation and benefits
· Business valuations
Backed by 38 national offices and an international network in 110 countries, we have the domestic and global footprint to serve growing technology companies. Contact sphilpott@bdo.com (audit partner), mreeves@bdo.com (audit partner), psmith@bdo.com (tax partner), tzambito@bdovaluation.us.com (valuation), tfiscus@bdo.com, Director, 206.624.2020