Technorati trims workforce, cuts pay
Blog search company has laid off six employees and reduced pay for remaining employees to prepare for worsening economic conditions.
Blog search company Technorati announced Tuesday that it has laid off six employees and will cut salaries by 10 percent to 15 percent for the rest of its workforce, which after the layoffs, now number 45.
Responding to what he believes is a worsening economic climate, Technorati CEO Richard Jalichandra said in a blog post that deciding to lay off employees was difficult because of the "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." He claims that Technorati needed to become a "leaner" organization to confront 2009's challenges.
Layoffs aside, Jalichandra reassured readers that Technorati is performing well and its future is bright. The layoffs, Jalichandra claims, are an effort to ensure that Technorati's hope for success becomes more likely.
"In spite of these challenging times, Technorati's prospects haven't changed, and in fact, have never been brighter," Jalichandra said. "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."
Technorati wouldn't say who was laid off from the company, but it did say that two of the employees who lost their jobs were executives.
For a listing of other layoffs in the tech sector, check out our Layoff Scorecard.