Techstartup slow death watch: FastCompany

Tech Startups 3.0 · October 10, 2008 · Short URL:


"Layoffs at Mansueto Ventures, specifically the digital side of Fast Company, the result, we're told, of a decision to fold Mansueto Digital into the company's print operations. At the same time, digital head Ed Sussman is leaving to be CEO at a start-up. Twenty employees, primarily in online and marketing, have been laid off, according to Valleywag. Also, from the memo sent out by CEO John Koten to employees, other cost cuts include shelving Upstart, a planned magazine devoted to new businesses; closing the Atlanta office except for sales; cutting IT help desk coverage; and curtailing perks like tuition reimbursement, gym and free snacks. Employees will keep their free sodas and subsidized massages...really."

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