Technorati announced cutting down on its employees by laying off six of them, and gave giving a pay cut to the rest. of them. This comes in the wake of poor economic conditions where the management is also forced to take a 10-15% pay cut. Here’s a link of the official announcement on Technorati’s blog. About the lay off Technorati’s CEO Richard Jalichandra states:
“high performers who have worked long hours to get us where we are now. They’re also friends, and we’re very sad to see them go. We simply need a leaner and reconfigured mix to get us through 2009.”
