I worked at Digeo from late 2000 until mid-2006 (the previous round of major layoffs).
The real story is that Mr. Fidler, despite his accomplished background with Sony, couldn’t hack it at this company. Digeo has chewed up and spit out more people in 8 years than I’ve seen anywhere else.
There was so much money wasted on proof-of-concepts that went nowhere, money cut off from projects that were actually generating revenue, and good people that came in to try to improve things, but would hit the wall 3-6 months later when no one would cooperate.
Don’t get me wrong, there are still *lots* of good people there (my old manager, whom I have great respect for), but the corporate strategy has changed so much in the last 3 years that I don’t know what else they’ll be able to do with the current work force.
It wouldn’t have survived this long if Uncle Paul hadn’t been there funding the whole ticket. It’s one of his pet projects; if it goes under, so goes a cornerstone of his ‘Wired World’ vision.
They need to search for some new, enthusiastic blood to run the company, not some member or acquaintence of Paul’s back-room, cigar & brandy society… AND Paul needs to stop micro-managing something he clearly knows little about.
Billmaier (the original CEO) had the right idea back in 2005 (or so I heard)… sell. I think that’s why Mr. Allen asked him to step down… or chose to step down, depending on who’s telling the story.
There, I’ve said/written my peace on the matter.