Livejournal slashes network admins down to the bone.
[Hat tip to Charlie Stross]
LiveJournal, the San Francisco-based arm of Sup, a Russian Internet startup, has cut about 20 of 28 employees – and offered them no severance, we're told.Valleywag occasionally gets things wrong, but this does not bode well. Bradfitz, where are you when your people need you in their hour of need?
The company's product managers and engineers were laid off, leaving only a handful of finance and operations workers – which speaks to a website to be left on life support. Matt Berardo, a Yahoo executive hired on last summer, is also believed to be gone.
The quirky site, part blog and part social network, is best known for its users' weird obsessions.
[Hat tip to Charlie Stross]
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