Digg Sheds 10% Of Workforce In Push For Profitability January 23, 2009
Posted by Mark Blei in : Uncategorized , trackbackSocial news site Digg Thursday confirmed that it plans to lay off 10% of its 75-person workforce as part of wider efforts to make the company profitable in 2009.
The cutbacks come amid slowing audience growth at Digg and the broader pullback in online advertising that has led to staff reductions at hundreds of Internet and high-tech companies in recent months.
Among the steps toward achieving profitability outlined by Digg CEO Jay Adelson on the company blog Thursday were hiring a direct sales team, rolling out new features to expand its user community, building on its “advertising infrastructure” and ad partnership with Microsoft, and maintaining ongoing sponsorship opportunities.
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