Digg Sacks 10 Percent of Staff
As many of you know last month the founder of Digg “Kevin Rose” has returned as CEO replacing the previous CEO Jay Adelson. Kevin has wasted little time making changes to get the popular social news site back on track by cutting 12 positions or about 10 percent of the staff.
Digg is a user driven social content website. All articles on Digg are submitted by the user. After submission of an article, people read the submission and “Digg” what they like best. If your story gets a lot of Diggs, it’s sent to the front page for where it is viewed by millions of readers from all over the world.
You can see the details of the blog post below, you can bet with Kevin Rose back in charge things are going to move in the right direction very soon.
Hey everyone,
This morning we faced the difficult task of reducing our team by about 10%. This was an emotional and rough morning for everyone involved. Laying off dedicated and hard working individuals is extremely difficult, but we tried our best to treat everyone with the utmost respect and support. I hope all of you will join me in the effort to assist all of those affected, be it as a reference or a referring source and most importantly, as a friend.
This is one of the hardest decisions we’ve had to make recently but we strongly believe that it is the right decision for the long-term health of the company. In order to achieve our goals, we are putting more emphasis on the engineering and development efforts. In fact, we are still hiring for these teams as they are critical in getting us to where we need to be for the future, for our impending upcoming redesign and much beyond. The only way for us to truly succeed is to adapt and adjust as necessary.
I’m sure there will be many follow- up questions to this email. So, we’ll be holding an all hands today at 3pm where you can ask questions and share your comments.
Thanks,
Kevin
Seems like just yesterday we were learning about this young man and his accomplishments at such an early age.
That 2006 BusinessWeek cover, “How This Kid Made $60 Million In 18 Months”
[...] This post was mentioned on Twitter by BobMadden. BobMadden said: Digg Sacks 10 Percent of Staff http://su.pr/1Iw5ej [...]
These sackings do not surprise me at all. Digg has been going down the toilet for the past two years due to people taking advantage of the Digg system to favorite stupid things. In this time Digg would have been losing profits which makes it harder for them to keep their big staff numbers.