Airtime, a video startup founded by Evernote's Phil Libin, laid off 25 employees from its 58-person team in early June 2025, reducing its workforce by approximately 43%. The company framed the cuts as part of its established "seasonal" employment model, where staff are evaluated roughly every six months. However, sources indicated surprise, as many employees believed the startup was planning to raise funds and had been told no layoffs were imminent. Operating in the video communication software industry, Airtime, which rebranded from mmhmm, introduced this seasonal structure in late 2022 after earlier layoffs, aiming to provide more predictable transitions. Despite this intention, the recent reduction was described as larger than usual, reflecting ongoing challenges in achieving product-market fit.
