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Digg to cut workforce 10%, hire new sales team
Webware.com —
... The overall job cuts at the 75-person company will be "microscopic in size," Adelson said to me, later confirming a figure of "about 10 percent." He reiterated that Digg this year is focusing on profitability and growth, and for the first time is building out its own advertising support structure, "which we've never really focused on before." Adelson posted a brief item about the news on the Digg blog. ...
Digg Cuts Staff, Focuses on Profitability
Mashable! —
... While Digg is cutting a rumored 10% of its current staff, they are also hiring a direct sales team to try and beef up revenue. CEO Jay Adelson notes that company priorities now include, “building on our advertising infrastructure, our successful partnership with Microsoft, and ongoing sponsorship opportunities.” ...
Digg Prepares For Job Cuts, Expanded Sales Focus
The Inquisitr » Technology —
... On the heels of Microsoft’s layoffs announcement, Digg has now announced it is preparing to cut positions from its staff as well.
Digg CEO Jay Adelson says the company will “take a more conservative approach to [its] expansion plans and aggressively focus on reaching profitability within the year.” As for what that means for jobs, Adelson says the following:
“This means we’ll be taking proactive measures to manage our costs including a headcount reduction in certain areas that are less core to this ...
Digg CEO Talks Future Plans
WebProNews Feed —
... Digg CEO Jay Adelson announced some plans for Digg in 2009 today. They involve reducing workers in certain areas and adding workers in others. The changes are all aimed at making the company more profitable, and one new area that they will be looking to hire in is a direct sales team. The company cites the following as its major priorities for the year: - Rolling out new features to grow and engage our community - Building on our advertising infrastructure - Building on our successful partnership with Microsoft - Ongoing sponsorship opportunities - Ongoing publisher ...
Digg not digging the economy, cuts 10 percent
VentureBeat —
... is laying off 10 percent of its 75 person workforce. Chief executive Jay Adelson announced a “headcount reduction in certain areas” this morning on the company blog, and gave the 10 percent estimate to ...
Kevin Rose and Jay Adelson on Digg's dupe detection and 'throttling back' power users
L.A. Times Tech Blog —
... Digg just announced today that given the current economic climate, it's going to be chilling out on growth plans, and maybe even reducing staff. I caught up with Digg founder Kevin Rose and CEO Jay Adelson last week at the L.A. Diggnation meetup, and asked them about the state of the San Francisco company, features in the works, the power-user problem and their take on the media landscape. ...
Digg Cuts 10 Percent Of Staff, But, Hey, They'll Hire A Direct Sales Team
paidContent —
... is cutting 10 percent of its 75 person staff. CEO Jay Adelson addressed the "headcount reduction" in a blog post; ...
Digg reducing staff 10%, hiring new sales team
TG Daily - All News —
Los Angeles (CA) - Digg CEO Jay Adelson announced yesterday that his company would be laying off approximately 8 people, or 10% of his work force, in areas that are not crucial to core business. In addition, the company would be hiring a new sales team to go after bigger fish. Digg will be focusing on profitability and growth while building up its advertising structure. So far, Digg has not been profitable despite 30 million unique viewers per month. See CNet and Digg's blog from yesterday. busy
Why Reality Will Bury Digg's Profit Dreams
Gawker: valleywag —
Digg, the raucous online news-rating site, has laid off 8 people from its 75-person workforce. CEO Jay Adelson writes that the company will "aggressively focus on reaching profitability within the year." There's no way. Digg, as of last fall, was losing money at the rate of $5 million a year. Its payroll has grown since then; cutting 8 people is unlikely to save it much more than $800,000 a year. At best, the layoff might get Digg back to its 2008 pace of losses. So the site badly needs to increase its revenues. And there's the problem. ...
The recession hits Digg
Gadgetell —
... at Digg; 10% of the team will be let go. Digg will also be adding a new sales staff to help with sponsorships.
For years, people wondered how exactly websites make money. Even if you become a household name like Digg, you can still run into simple business issues like turning a profit. Adelson hopes that the sales team and Digg’s partnership with Microsoft will help get the company in the black.
Read: [News.cnet.com]
Read: [Digg the Blog]
Full Story » | Written by Iyaz Akhtar for ...
Twitter: Possibly Valued at $250 Million
ReadWriteWeb —
... from the original, pre-economic meltdown plan," he said. "The original plan was to focus on revenues in 2010."
Clearly, the Twitter crew has been heavily invested in coming up with potential revenue models, and while they may not be able to implement them in the time Williams anticipates, a plan may just be enough to entice the VCs into giving them some breathing space.
While many other startups are experiencing financial difficulties; the recent cut backs at Digg, the shutting down of Pownce, remarkably Twitter has stood out from the rest by getting ...
Digg Poaches New Head Of Sales From Yahoo
TechCrunch —
... last week, Digg is rolling up its sleeves and getting to work. The company has hired Tom Shin as its new head of sales from Yahoo, where he was one of the top sales people and head of the Northwest sales region. His job is to build a sales team at Digg go after advertising dollars more directly., something CEO Jay Adelson recently underscored as a big goal of the company in 2009. ...
Digg Ditches Microsoft To Sell Its Own Ads
TechCrunch —
... put the two following bullet points together in a blog post published earlier this year in which he highlighted what Digg’s focus in 2009 would be on its path to profitability: ...
