January 6, 2009

links for 2009-01-06

The Russian Bear Slashes a Social Network
Chilling…
(tags: blogging livejournal russia six apart)

January 6, 2009

LiveJournal/Russian Bear Slashes a Social Network

Chilling…

clipped from valleywag.gawker.com

The bubble in social networking has burst, decisively. LiveJournal, the San Francisco-based arm of Sup, a Russian Internet startup, has cut about 20 of 28 employees — and offered them no severance, we’re told.

The company’s product managers and engineers were laid off, leaving only a handful of finance and operations workers [...]