Monday, March 17, 2008

Podshow lays off 30% of its workforce


According to a report from Podcasting News, Podcasting startup PodShow has laid off one-third of its staff.

PodShow, the San Francisco-based online-video network best known for launching the career of CNET’s Natali Del Conte, is laying off about 20 employees, or as much as 30 percent of its staff.

“There are no secrets, only information you don’t yet have,” is the slogan for former MTV VJ Adam Curry’s podcast. Curry, a PodShow cofounder, didn’t show up to deliver the bad news about the layoffs; we’re told he left that to middle managers.

None of the heavily hyped podcasting startups in the U.S have delivered on their promises, despite a one-year jump on the mainstream competition and inexorable trends driving people to podcasts and other Internet media.

It will be interesting to see how companies based in the UK will take on the wealth of new media opportunities.

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