Layoffs at Omidyar Network
Omidyar Network, the philanthropic venture capital firm formed by eBay founder Pierre Omidyar, has laid off several staffers, including members of its investment team. In an email to friends and colleagues, one investor wrote: "The organization has gone through some restructuring to better reflect current market conditions and support its evolving investment model. Several positions have been eliminated, including my own." I've left a message for Omidyar Network's spokeswoman, in order to get more details. Specifically, I'm interested in how the group views the "current market conditions," given that it hired six new staffers just seven months ago.
4 May 2009•1 min read
