winter: (Star Wars - on the edge)
Beth Winter ([personal profile] winter) wrote2009-01-06 07:23 pm
Entry tags:

Livejournal matters

However 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 :(

[identity profile] carmentalis.livejournal.com 2009-01-06 07:22 pm (UTC)(link)
So it's a matter of trimming things down and cutting redundancies. The US office will have to get used to the idea of just being a branch office.