I recently reported that Pulse-LINK laid off 50-60 people and closed doors. I received a piece of good news from Pulse-LINK’s cofounder and CTO:
“As Mark Twain is famous for saying when he was reported dead by a journalist before he had actually died. ‘Reports of my death have been greatly exaggerated’. Pulse-LINK is still alive and our doors are open. We have had major layoffs as a result of funding issues. However, we are in the process of recapitalizing and expect to re-hire many of our laid-off staff. Thanks for your concern.”
I’m sure this is a great news for former employees at Pulse-LINK. Recapitalization is never fun to the hard-working entrepreneurs and employees as they’ll see huge equity dilution. But, in this environment, I think having a job to pay the bills has much higher priority in everyone’s mind than getting rich via IPO. 
Good luck, Pulse-LINK. Hope you guys can pull this off, persevere through this difficult economic environment, and come out a winner in the end!
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