Blog firm Technorati lays off 12% of staff and imposes pay cuts of up to 25%

Blog search firm Technorati has made 12% of its staff redundant, and implemented pay cuts of up to 25% on the remaining staff.

Blog search firm Technorati has made 12% of its staff redundant, and implemented pay cuts of up to 25% on the remaining staff.

The company has laid off six staff, will not replace two staff who have left, and has imposed pay cuts on management ranging from 15% to 25%.

Employees among the remaining staff of 45 will have to take a 10% pay cut.

Technorati CEO Richard Jalichandra said in a blog, "There's not much I can say about the economy that hasn't been said a hundred times already. We're facing the worst crisis of our lifetimes, and no one can say with certainty what lies ahead or how long it will last."

Other web businesses such as LinkedIn and Second Life have recently made job cuts.

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