Livejournal matters

[winter]

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 :(

Comments

[ithilwen.livejournal.com]

What a sucky Christmas gift - both for the unfortunate employees who got laid off, and for LJ users who now need to worry about the long-term viability of this site.