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Read more with google mobile : Technorati cuts six jobs, pay
Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Technorati cuts six jobs, pay AFP - 58 minutes ago SAN FRANCISCO (AFP) - - Technorati announced on Tuesday that it was laying off six employees and cutting pay for the remaining members of the blog search engine company. Richard Jalichandra, the president and chief executive of the San Francisco-based startup, a leading site used to track and index blogs, announced the moves in a posting on the company blog. "There's not much I can say about the economy that hasn't been said a hundred times already," Jalichandra wrote. "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." Jalichandra said that to allow the company to "weather the storm," six employees were being laid off and two others would not be replaced. He said management would be taking pay cuts ranging from 15 percent to 25 percent and remaining employees would have their pay cut by 10 percent. The number of people employed by Technorati was not immediately available. Despite the cost-cutting moves, Jalichandra was optimistic about the future. "In spite of these challenging times, Technorati's prospects haven't changed, and in fact, have never been brighter," he said. "In the long run, Technorati will emerge a stronger and more profitable place for us, and the bloggers we serve, to thrive personally, professionally and financially." Technorati is the latest Silicon Valley company to announce job cuts. Challenger, Gray & Christmas, Inc., a Chicago-based global consulting firm which tracks job-cut announcements, reported this month that the technology sector is on pace to lose 180,000 jobs this year, the most since 2003. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines Technorati cuts six jobs, payAFP - 58 minutes ago Online ad spending slowing: eMarketerAFP - 2 hours 20 minutes ago Medical searches on Web can trigger anxiety: studyAFP - Wednesday, November 26 US taps online youth groups to fight crime, terrorismAFP - Tuesday, November 25 Related Articles: Technology Technorati cuts six jobs, payAFP - 58 minutes ago First-ever decline in online retail spending: comScoreAFP - 1 hour 53 minutes ago Online ad spending slowing: eMarketerAFP - 2 hours 20 minutes ago Sensors for combat helmets could gather blast dataAFP - 2 hours 27 minutes ago Medical searches on Web can trigger anxiety: studyAFP - Wednesday, November 26 Enlarge Photo Technorati logo. Technorati announced on Tuesday that it was laying off six employees and cutting pay for the remaining members of the blog search engine company. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Massive 300-billion dollar rescue for Citigroup Michael Jackson strikes 'amicable' deal with Arab sheikh Standard Chartered to raise $2.66 billion in rights issue Britain fights recession with huge stimulus package Obama plans second stimulus package of up to 700 bln dlrs: report View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular
Other News on Tuesday, 25 November 2008
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Tuesday, 25 November 2008 - Technorati cuts six jobs, pay