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 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)