Digg Joins the IT Layoff Parade
San Francisco-based social networking Web site Digg.com, which has about 75 employees, announced Jan. 22 that it, too, is feeling the current economic pressures and will trim its workforce by about 10 percent.
CEO Jay Adelson explained in his blog that the company will start focusing on advertising sales and will be hiring a new direct sales force and head of sales in a new strategy to drive toward profitability in 2009.
Meanwhile, Digg loses seven or eight people. But it's still seven or eight families directly affected by the sudden economic global downturn that seems more incredible every day.
How many of these layoff events are copycat moves, or simply the result of some bean-counter's projection? Who knows, but it's worth discussing.