Technorati Cutting Down on Expenses – Lays Off 6, Pay Cuts for the rest | Startup Meme - Technology Startup and Latest Tech News

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Nov 26 2008

Technorati Cutting Down on Expenses – Lays Off 6, Pay Cuts for the rest

Saad Ali Abbasi 

technorati_logo 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.”

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