Livejournal matters
Jan. 6th, 2009 07:23 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
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 :(
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 :(
(no subject)
Date: 2009-01-06 06:50 pm (UTC)(no subject)
Date: 2009-01-06 07:00 pm (UTC)It wouldn't even surprise me much if this had been planned for a while and just happened a bit sooner because of the economic climate. Cut costs and do the actual engineering closer to home. They're so heavily focused on Russia after all, it would make sense if they start considering that their primary market.
(no subject)
Date: 2009-01-06 07:06 pm (UTC)(no subject)
Date: 2009-01-06 07:22 pm (UTC)(no subject)
Date: 2009-01-06 07:16 pm (UTC)If it's the same with Russian techies, I'd be very wary of this move.
(no subject)
Date: 2009-01-06 07:23 pm (UTC)(no subject)
Date: 2009-01-06 07:30 pm (UTC)I'm managing servers for [big automaker] and [American human resources outsourcing company], and they're also cutting costs and undermanning teams like crazy, so I'm not that optimistic about this kind of thing. Luckily my job isn't endangered, but our workload is very likely going to grow a lot in the near future for the same pay...
(no subject)
Date: 2009-01-06 07:33 pm (UTC)(no subject)
Date: 2009-01-21 08:25 pm (UTC)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. :)