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

[owl]

I've had the same experience. My project flips between us and the Indian devs every couple of years. We get it in shape, they hack about with it, the business goes WOEZ and hands it back to us to fix...
I would ask why they have this culture as it doesn't seem the best business model, but it keeps me in a job so I shouldn't complain. :)