Sunday, December 07, 2008

Dramatic changes at Technorati

Technorati has gone through dramatic changes now!

Style and stuff wise!

First of all they have fired 6 staff members.

Accordingly they also removed the staff site and replaced it by links to their private blogs. So we can assume everybody who is not listed there is no longer with the company!

Quoting from their 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.

In spite of these challenging times, Technorati’s prospects haven’t changed, and in fact, have never been brighter. In the past year, we’ve launched several very promising initiatives, and our business has grown significantly. Our overall strategy is not changing, however, the economy has changed dramatically so we’re adjusting to meet it. I’ll start with the bad news so we can end on a somewhat positive note. To ensure we weather the storm, we’re making changes at Technorati.

Unfortunately, this means sacrifices. Technorati’s management team members are taking pay cuts ranging from 15-25% and employees are taking 10% cut. This also includes the reallocation of staff. We’re laying off six employees today – including two executives -- and there are two additional departures we won’t replace. These are 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. "

On the positive side, they have re-designed their homepage a bit as it can e.g. Technorati blog infos. It's more streamlined now and easier to read! :)

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