Digg not digging the economy, cuts 10 percent
Digg is laying off 10 percent of its 75 person workforce. Chief executive Jay Adelson announced a “headcount reduction in certain areas” this morning on the company blog and gave the 10 percent estimate.
Last year, there were big rumors that Digg was looking to sell to either Google or Microsoft. With Adelson’s remarks about Microsoft, it’s tempting to wonder if that’s still a possibility, but Microsoft’s cuts, plus the fact that Digg is hiring its own sales team, makes such a move seem less likely. The situation might change if Digg doesn’t hit its profitability goals.
1 votes
