Beleaguered Digg announces more layoffs
Long gone are the days when then-Digg execs Kevin Rose and Jay Adelson would make joint appearances at tech industry conferences and giddily discuss a cluster of new features coming to the social-news site--as well as the fact that they were, invariably, looking to hire new employees.
On Monday, following a report in AllThingsD that publisher and Chief Revenue Officer Chas Edwards was bailing for a start-up, Pixazza, CEO Matt Williams e-mailed staffers to announce that "the burn rate is too high" at the company and that it would be laying off 25 of its 67 staffers, a … Read more