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It’s layoff ‘season’ at Phil Libin’s Airtime
Airtime, the video startup from Evernote's founder Phil Libin, has laid off dozens of employees, TechCrunch has learned, and Airtime confirmed.
Image Credits: AirtimeThe startup introduced a “seasons”-focused employment structure in late 2022, following a layoff of around 10%-15% of the staff, which had capped the company’s headcount at 100 while it searched for product-market fit. Instead, the company would decide roughly every six months who would be invited back for the next “season.” This plan allowed Airtime to give staff a longer heads-up if they weren’t going to return, so they had time to seek other employment. User acquisition ad spend also cost Airtime high tens of thousands of dollars per month, and employees report that Libin was often absent from day-to-day decisions as he focused his attention on his restaurant in Arkansas.
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