It’s layoff ‘season’ at Phil Libin’s Airtime

Airtime, the video startup from Evernote’s founder Phil Libin, has laid off dozens of employees, TechCrunch has learned, and Airtime confirmed. According to the company, 25 people were let go from the 58-person team — a change Airtime described as “bigger than usual.” While Airtime characterizes the departures as part of its typical seasonal approach to employment, sources inside the company said staff were surprised by the announcement. Many were under the impression the startup intended to raise funds this year and were previously told no cuts were planned, they said. Formerly known as mmhmm, Airtime was launched in 2020 by Libin, whose Evernote, a note-taking startup, was valued at nearly a billion at its height before being sidelined by newer competitors like Notion. (The company later sold to Bending Spoons in 2022 for a decidedly smaller figure.) First launched amid the COVID pandemic, when all office work had suddenly shifted to video, Airtime today offers two key tools for ... Read full article.