Revision3 – The Truth Hitting Home

Today Revision3 announced that they were cutting their losses and canceling some of their programming and also (more importantly) laying off some of their staff. For me this really shows the global economic crisis has reached the tech industry. I’m aware the Mahalo had to a couple of weeks ago, but for me – it’s only just hit home.

We’ve had a number of great successes here at Revision3, including Diggnation, Tekzilla and The Totally Rad Show. But not everything pans out. Just as in the past, when we ended shows that just weren’t building audiences or driving revenue, we had to make changes. As you may have heard, today we had to make some tough staffing decisions as we ended the run of a few of our shows.

I didn’t expect the economic downturn to hit the tech industry until 2009 at the earliest, it really shows how unpredictable these things are.

Sadly, this is just the start, I’m not looking forward to seeing the inevitable changes throughout the internet as more and more companies are affected by the changes in the economy. It’s quite shocking to see people who I thought held such a solid role within Revision3 loosing their jobs.

But how does this effect us? What are we going to be seeing from tech companies when they begin to start laying people off? Well, apart from a very vibrant discussions of Twitter I guess that there is going to be less changes over a longer period time. All those brand new releases that you were expecting probably won’t come as soon as you’d like – but when do they ever? On the Rev3 side of things, a few shows got cancelled, including one of my favorites; PixelPerfect.

This show I think might have a bit of hope, it was originally produced by the Pixel Corps for Revision3 – I could quite easily see Alex and his team picking it up again. It’s so sad to see so many people from Revision3 leaving the company, I wish them the best of luck in finding a new job.