Jobster to Staffers: You’re Fired, But We Know a Good Recruiting Service?

Seattle-based Jobster is shedding more than one third of its staff today, or 15 employees, according to John Cook of TechFlash. The company, which once employed roughly 150 people, will be left with just 25 demoralized souls.

Jobster has raised a boatload of money since openings its doors in January 2004. In April, the company raised $7 million from Ignition Partners, Trinity Ventures, Mayfield Fund, and Reed Elsevier Ventures, bringing total funding to $53.5 million, according to Thomson Reuters data.

Jobster CEO Jeff Seely has, unsurprisingly, called the layoffs “unpleasant” and “horrible,” while adding that the company will be better positioned for them.

Seely took over the CEO role last year after Jobster’s former CEO, Jason Goldberg, disastrously handled a much bigger layoff, one that eliminated 41 percent of Jobster’s staff back in January 2007.

TechFlash has the details of both cannings here.

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3 Comments

  • FYI, Virtually every VC-backed company (and likely every CEO of a public or private company who has a pulse on the business climate) is looking hard at costs and laying off unnecessary heads. This is not really newsworthy. Moreover, I would guess that those “25 demoralized souls” might not be so demoralized. They have a job!

  • Jobster sounds like a recruiting deal but they seem to actually be selling software for managing the recruitment process, possibly as a service. Anyway this phrase from the Techflash piece is the most damning: “Jobster, which has tested a number of different business concepts since it was founded in 2004…” Does $55 million still look like a ton of money when each chunk was raised on a different business model?

  • Jobster has always struggled with connecting their product with audiences. They’ve gotten it right and wrong a number of times. They have some good people there and I hope the Seattle community absorbs those who were let go this time around.

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