Tuesday
Nov252008
Technorati Officially laysoff 6 people!!
Technorati released today they are going to Lay off 6 people and I will quote:
[ad#ad2-left-1]
Unfortunately, this means sacrifices. Technorati’s management team members are taking pay cuts ranging from 15-25% and employees are taking 10% cut. This also includes the reallocation of staff. We’re laying off six employees today – including two executives -- and there are two additional departures we won’t replace. These are high performers who have worked long hours to get us where we are now. They’re also friends, and we’re very sad to see them go. We simply need a leaner and reconfigured mix to get us through 2009.
[via Technorati Weblog]
They will also be taking pay cuts all through the company. So the recession is hitting them also. I am sure CEO Richard Jalichandra has the company interest in mind. According to Techchunch, they have added these recent layoffs ticker. You can also search my blog for other layoffs that have happened or will happen.
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