LayoffBlog.com

November 21, 2008

Sezmi, a TV 2.0 Start-Up, Cuts 20 Percent of Staff

According to NYTimes: “Sezmi, the company with a bold plan to reinvent television for the Internet age, laid off 20 percent of its staff today, or around 20 employees, in what its president and chairman Phil Wiser described as an acknowledgment of tough economic times.

Once a secretive start-up called Building B, Sezmi is aiming to build a comprehensive television service it can provide to mid-tier telephone companies that need to offer their customers a television option. The company has built a set-top box with an integrated DVR and a unique interface that combines Internet channels with regular programming. It has also designed a hybrid distribution network that involves sending high-definition television over spectrum it licenses from local television broadcasters.”

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