01 Jun '12, 6pm

Layoffs at Tendril, as Home Energy Management Faces a Tough Climb: Home energy management, the hot new trend f...

Home energy management, the hot new trend for startups and IT giants alike only a few short years ago, is proving to be an increasingly difficult business to be in. The latest evidence comes from Tendril, the Boulder, Colo.-based startup, which has quietly laid off staff and lost two key executives in the past month, even as it raises money to push some of its long-running utility pilot programs into full-scale deployments. CEO Adrian Tuck mentioned the workforce reduction in the last paragraph of a May 4 blog post focused on the challenges facing green technology startups. Tuck’s post didn’t say how many employees were let go, and company representatives contacted last week declined to provide figures. But one person with knowledge of the matter said the layoff included about 55 employees. Tendril had about 170 employees as of late last year. Last month also saw Tim Enwal...

Full article: http://www.greentechmedia.com/articles/read/layoffs-at-te...

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