*sigh*

[boodie]

THIS is not good news.. LJ slashes majority jobs.

I'll miss LJ if it goes under

Comments

[tursiae.livejournal.com]

I'm sceptical that they'd just shut it down.. there's too many regular visitors for them to not sell it off to another mob.

Now, adding adverts everywhere.. that I can see happening.

[haggis-bagpipes.livejournal.com]

Maybe something will come along and save the site. It's too popular to go under.

[bobbain.livejournal.com]

http://news.cnet.com/8301-13577_3-10132684-36.html

LiveJournal deletes 'about a dozen' jobs
Posted by Caroline McCarthy

Social-media pioneer LiveJournal is the latest company to announce a round of layoffs, trimming down its employee head count in its San Francisco and Moscow offices.

A statement from the company came after a rumor on gossip blog Gawker suggested that a shocking number of LiveJournal employees--20 out of 28--had been cut. LiveJournal clarified that it was "about a dozen" cuts, amounting to about a fifth of the company.

"LiveJournal Inc.'s headquarters, technical operations (and servers), legal, administration, and the customer service teams will remain in the United States," the release explained. "LiveJournal's global product development and design will now be coordinated out of its Moscow office. The pooling of resources between the U.S. and Russia will allow the company to build a stronger business model, well positioned to guarantee the long-term success of LiveJournal."

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[bobbain.livejournal.com]

LiveJournal Press Release

http://www.livejournalinc.com/press_releases/20090106.php

January 6, 2009
LiveJournal Inc. announced a restructuring today of their U.S. and Russian operations to more effectively manage costs in light of the global economic downturn.
LiveJournal Inc.'s headquarters, technical operations (and servers,) legal, administration, and customer service teams will remain in the United States. LiveJournal's global product development and design will now be coordinated out of its Moscow office. The pooling of resources between the U.S. and Russia will allow the company to build a stronger business model, well positioned to guarantee the long-term success of LiveJournal.

As a result of these changes, Matthew Berardo, VP and General Manager of LiveJournal Inc., will be leaving the company along with other valued colleagues. Mr. Berardo played the leading role in consolidating product and design efforts to enable the business to more effectively streamline costs during his tenure. LiveJournal Inc. will now be led jointly by Stephanie Gravelle, currently LiveJournal Inc.'s director of finance and administration, and Sergei Komarov, currently CTO of SUP (LiveJournal Inc.'s holding company).

[funnelwebkitten.livejournal.com]

Indeed, I imagine that they will be looking to probably find a buyer for LJ, even at a loss, that will mean possibly more ads, larger fees..

[funnelwebkitten.livejournal.com]

That was my thought, it is a going concern, as such, and it probably wasn't worth what SUP paid for it, so they'll get done on the sale.

[funnelwebkitten.livejournal.com]

Yes, this is what I hope.