LiveJournal: The Russian Bear Slashes a Social Network
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.
Time to back up your LJ. No seriously. Do it NOW! How do I backup my LJ, you ask? See this post by liz-marcs.
ETA: LiveJournal confirms layoffs, says rumored numbers exaggerated
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