Ok, so I think the last post was the second to last. This is definitely the last one. Really. But this has to be said.
As one employee put it,
Today was not a good day in the Hive.
Due to economic conditions, we decided to do a proactive staff reduction. Even with Q3 being the 4th best quarter in company history, October delivering more bookings than any other month this year, and our cash position extremely strong, we remain fearful of what 2009 holds in store. So, we did a reorganization that resulted in laying off some staff. Some of my very favorite, insanely talented, dedicated people.
As a CEO, this is perhaps the hardest thing you’ll ever have to do. Traveling too much, dealing with demanding clients, working long hours – that’s all nothing compared to having to change the fate of people who have put their faith in you.
But this is the job. I have an obligation to shareholders and investors; I have to develop the company so that it can weather the bad cycles as well as the good; and I have to reshape the vision to match what the market demands.
We did everything we could for those employees who found themselves no longer an employee at BzzAgent. We left on email for the day, set up COBRA (and covered health care through Nov 30), allowed for equipment purchase, provided outplacement counsel on site – and tried to be as clear, compassionate and thoughtful as possible in our last one-on-one meetings.
Yes, there were tears (from both sides of the equation) and yes it was perhaps the most uncomfortable day we’ve ever had as a group. And so all of the gains – the employees who now have an opportunity to step up into new roles, the ability to add talent for some of our adapted vision, the ‘leanness’ of the business to grow much more effectively – come with the bittersweet knowledge that for some people, tonight is full of anger, fear, anxiety and sorrow.
What now? Well, without being overly sentimental, I suppose a wonderful way to send out the BeeLog in style would be to have anyone and everyone – staff, (separated and retained), clients, agents, friends, investors, whomever – add their thoughts on the situation.
One last jog around the track of transparency. That would somehow make today just a tiny, tiny bit better.


