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Livejournal matters
Jan. 6th, 2009 07:23 pmHowever I may personally feel about the LiveJournal staff layoffs, there's an official statement about them now.
Most of LiveJournal revenue is in rubles. Their labour costs were in USD. Economically, it's a textbook move, especially since they already have a Russian technical and product development team - who are paid less.
Best of luck to everyone involved, especially those who got the bad news :(
Most of LiveJournal revenue is in rubles. Their labour costs were in USD. Economically, it's a textbook move, especially since they already have a Russian technical and product development team - who are paid less.
Best of luck to everyone involved, especially those who got the bad news :(