Digg to cut staff by 10%
Digg has announced it is to lose 10% of its workforce as the social news and bookmarking site makes plans for the next year.
In recent months the 75-strong company, that claims an audience of 35 million, has seen what's described as slowing audience growth and a pullback in online advertising.
In a blog post entitled "brief update on Digg", Jay Adelson of Digg states: "Given the current economic climate, we've made the decision to take a more conservative approach to our expansion plans and aggressively focus on reaching profitability within the year".
In addition the company plans to introduce a direct sales team as well as "building" on their "successful partnership" with Microsoft.