The Beverly Hills, California based video sharing site Break.com has laid off 11 employees. This was announced by Break’s CEO, Keith Richman. Once considered as YouTube’s competitor, the site now is more considered to be male specific.
Laying off employees seems to be a trend these days. If you are a company who is growing with a rate of 100% per year, would you fire your employees? Maybe you won’t but Break.com did it. The decision came despite of the fact that the company is growing at a very good rate (100%/year), has 80 employees and still hiring people for numerous jobs.
According to an email by Break.com’s CEO, Keith Richman:
Essentially, we are profitable. We have 80 people, are growing 100 percent year over year and still actively hiring for a bunch of jobs.
Furthermore he said:
At the end of our quarter we just looked at what was working well and are focusing more efforts on that.
The other stuff was working OK, but just not as profitable.
This is exactly what Gawker Media has also done i.e. firing employees on less profitable products and hiring more on the profitable ones. I am totally against such job cuts. All the companies and startups which are making job cuts have a very bad planning. None of them seem to have a contingency plan or a plan B. If you are doing a business, you must have a backup plan to sustain that bad patch. Cutting jobs of employees is just like accepting yourself as a “LOSER”.
Anyway lets hope this crisis will make everyone realise their mistakes so that we don’t have to see such acts in the future.
hmm, Break.com’s is a good video sharing site
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