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Digg Feels the Pressure, Slashes Staff

Posted by Vaibhav Kalamdani on January 24, 2009

diggSocial news site Digg is facing a tough time as increased competition is hitting its bottom-line hard, thereby leading to forced employee reduction. The California-based firm plans to trim its 75-member staff by around 10% as profits are difficult to come by for the company.

Digg founder and CEO Jay Adelson said that the company is aiming at profits this year, due to which it is going the “conservative” way. Being more conservative means Digg will adopt proactive measures to manage its costs, which includes downsizing of staff in areas that are less core to the company’s objective this year. Read the rest of this entry »

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