Tuesday, October 21, 2008

Voicing Despair - Jaxtr Lays Off 13

Menlo Park based Jaxtr, which offers voice-over IP services (and yes, a social network as well... why not?), has laid off 13 people, about a third of their employees.

Jaxtr has raised a total of $21.5 Million, about half of that this June.  As such, they seem to be in a good position, as long as they keep costs contained for a while.   I like Jaxtr, I think they have a great product, and am pulling for them to come out strong on the other side.

jaxtr homepage

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