Tough times. Tough decisions.also read my blog post http://www.loiclemeur.com/english/2008/10/tough-times-tou.html

Seesmic’s Loic Le Meur today announced layoffs at video social network startup Seesmic.

“As a company, we have felt the need to get Seesmic ready for what most are anticipating to be a bleak economic outlook for the considerable time going forward,” says Le Meur. “In order to prepare the company and ensure it has as strong a position until we reach to the other side, we have had to make some tough decisions around expenditure – the biggest impact being that we will be cutting 7 positions within the company.”

“The longevity of the company is obviously of significant importance – and thus we must reduce costs now in order to establish Seesmic as a solid business and pursue success of the company for years to come,” add Le Meur.