How many more rounds of layoffs are planned at Mahalo?What was Mahalo CEO Jason Calacanis doing in the weeks running up to this company's layoffs? Traveling around the world, to destinations like the World Knowledge Forum in Seoul, Korea. In his how-to-lay-people-off memo, Calacanis also promised to cut back on his travel budget — which struck me as an admission that his trips to speak at conferences, often on subjects unrelated to his work at his Sequoia-funded Web directory, were being paid for by his investors. Can you think of a better caption? Leave it in the comments. The best one will become the post's new headline. Yesterday's winner: Ted Dziuba, for "Traffic is the new profit." (Photo by JoopDorresteijn)