Fact or rumor? Pulvermedia layoffs?
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Word from a dependable source is that a massive round of layoffs occurred at PulverMedia yesterday, as TICC (the current investor) moved in last week -- while Spring VON was going on -- to take over. I'm not sure who's in or who's out, but I'll certainly provide updates as more information becomes available.
UPDATE: Just received word through the grapevine that PulverMedia will be shutting its doors on Friday. (Please note that this isn't verified and isn't based on any public statement by the company.)
I'm betting on rumor; some Pulvermedia staff are just around to prep the big conferences.
I pinged Jeff Pulver and the TICC office but it was after hours on the East Coast when it broke. Will Jeff be hosting a Toronto social breakfast on Friday? Or be supervising the reorg in Melville?
Comments
It appears from this report that Jeff had sold most, if not all, of his interest in PulverMedia. So maybe the speculation should be on whether he would do a second buyback.
Also, according to his current Facebook status feed, he is on a plane to Toronto as I write this. We'll see you tomorrow, Jeff.
Posted by: Jim Courtney | March 27, 2008 03:22 AM