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Digg Lays Off 10 Percent of Staff

Kevin Rose, who is taking over the CEO role at Digg from Jay Adelson, in the BusinessWeek cover that encapsulates the company's long-gone days of giddy dot-com hype. BusinessWeek

One month after an executive shakeup that saw the departure of CEO Jay Adelson, social-news site Digg announced that it is laying off around 10 percent of its employees. That amounts, most likely, to fewer than a dozen people.

"This is one of the hardest decisions we've had to make recently but we strongly believe that it is the right decision for the long-term health of the company," founder Kevin Rose, who took over for Adelson, said in an e-mail to employees that was subsequently posted to the company blog.

"In order to achieve our goals, we are putting more emphasis on the engineering and development efforts. In fact, we are still hiring for these teams as they are critical in getting us to where we need to be for the future, for our impending upcoming redesign, and much beyond. The only way for us to truly succeed is to adapt and adjust as necessary."

Read the rest of this article at CNET

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