Digg Cuts 10% Of Staff


	Digg Cuts 10% Of Staff

David M Ewalt

1-22-2009 1:07 PM

680 views

tags:

digg, social media, news, economy, layoffs

David M Ewalt says:

Digg.com was one of the darlings of the "web 2.0" bubble, but like many of their ilk, had a hard time monetizing their popularity.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9a226876-872d-46fb-9117-15bdfcf2a9dd/80D4284D-9BCB-4EEC-8129-05FDD713FB7A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://kara.allthingsd.com/20090122/digg-to-cut-10-percent-of-employees-says-it-will-try-to-be-profitable-in-2009-the-entire-blog-post/" href="http://kara.allthingsd.com/20090122/digg-to-cut-10-percent-of-employees-says-it-will-try-to-be-profitable-in-2009-the-entire-blog-post/" style="font-size: 11px;">kara.allthingsd.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://kara.allthingsd.com/20090122/digg-to-cut-10-percent-of-employees-says-it-will-try-to-be-profitable-in-2009-the-entire-blog-post/"><P>Digg, the San Francisco-based news discovery service and one of Silicon Valley’s more prominent start-ups of late, said in its <A href="http://blog.digg.com/?p=516">company blog today</A> that it would cut its 75-person workforce.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://kara.allthingsd.com/20090122/digg-to-cut-10-percent-of-employees-says-it-will-try-to-be-profitable-in-2009-the-entire-blog-post/"><P>A company spokeswoman told BoomTown the cut would be about 10 percent, but would not give out a specific number of employees to be let go.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://kara.allthingsd.com/20090122/digg-to-cut-10-percent-of-employees-says-it-will-try-to-be-profitable-in-2009-the-entire-blog-post/"><P>In addition, Digg noted it would be aiming to cut costs and be profitable in 2009. It will also be hiring a direct sales team.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/80D4284D-9BCB-4EEC-8129-05FDD713FB7A/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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