Xtranormal cuts staff in half

Posted by Rob Lewis

Montreal Tech Watch is reporting that Montreal startup Xtranormal has cut 50% of their staff.

Xtranormal which launched with much fanfare a little over a month ago has laid off today 36, which is half of its staff.

Xtranormal invested heavily in research & development efforts in the past year, understandable since they were tackling a new challenge, user-produced videos, but this mass layoff shows lack of planning, focus & guidance from its CEO & founder, Richard Szalwinski, who also did previously Discreet Logic. Many at xtranormal expected him to lead product development but he didn’t. As sources of money & funding disappear, Xtranormal is now forced to downsize its staff. I guess xtranormal’s investors are defaulting on committed payments due to markets crashing left & right, although you have to take that with a grain of salt.

Layoffs are hard times for a company, with remaining staff having lower morale. My thoughts goes to existing and ex-employees, hoping they’ll bounce back.

Xtranormal was #12 on the Montreal Startup Index for November.

Company:
Xtranormal Technology Inc.
Website:
http://www.xtranormal.com
Location:
Montréal, Québec, Canada

xtranormal’s mission is to bring movie-making to the people. Everyone watches movies and we believe everyone can make movies. Movie-making, short and long, online and on-screen, private and public, will be the most important communications process of the 21st century. Our revolutionary approach to movie-making builds on an almost universally held skill—typing. You type something; we turn it into a movie. On the... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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