Seesmic has fired around 18 developers working on their products. The company now has around 15 employees.
The company indicated that they are going to focus on their core products like social cross posting tools now instead of working on multiple products with different aims.
Seesmic has already started charging for their Ping service that they had acquired in 2010. It is now branded Seesmic Ping.
Remains to be seen if this pivot is going to help them reach profitability. The market for social tools is shrinking as there are few ways to monetize these products and services.