Linden Lab Fail
Last week, Linden Lab, makers of the virtual worlds platform known as "Second Life", let go of over 30% of their staff, myself included, and shutdown some offices around the world.
It's sad to see another company fail but the reality of the marketplace can only be ignored for so long. When your product has issues relating to relevance, you find yourself in an unfortunate position, for some reason AOL comes to mind here.
As for me, I already have accepted a new position with another software firm. :)