Cortes: Digg Dispenses More Than One Third of Employees

The social news site Digg are making cuts in staff to reduce costs. substantial cuts, by the way: 25 of its 67 employees were discharged today.

“We need to restart in terms of strategy and return to the mode start-up ,” said ceo matt williams. “The cost structure is not aligned with our business.”
Williams said his goal was to make the company profitable in 2011, which required that the layoffs were made.

“We consider all possible options to reduce [costs] of salaries to fixed costs. The result is that, in addition to reducing various operating costs, made ​​the decision to reduce the staff from 67 to 42 people. It was an incredibly tough decision. I wish it were not necessary. Nevertheless, I know it’s the right choice for the future success of digg as a business, “wrote ceo on an e-mail to the team.

Williams, however, does not intend to let its employees dismissed in hand. He said he is personally committed to finding new possibilities for all affected, as well as members of the company’s board, which offered to find positions for them in other companies in your portfolio. Hopefully they fall up.