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Oct 30 2008

Facebook on job cuts: To layoff or not

Sardar Mohkim Khan 

image thumb189 Facebook on job cuts: To layoff or notIt appears that the current fallout is making its way into Facebook and already has the management biting nails that has to cater to a $400 million sum in annual costs. These include salaries for employees along with other expenses. However with its new design not really getting that much of a flare and ad publishers in no mood to take risks, Facebook is bound to have some tough time.

The result may not be directly booting employees to reduce costs (and I am being very optimistic here) but it will definitely freeze any sort of hiring. Apart from that there can be stricter rules to follow and a slight error may very well have an employee shown the door.

Whatever the case be and no matter how quietly Facebook carries on its proceedings, news will make its way out for us to talk about.

[Via Valleywag]

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