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Social Networks Not So Recession Proof

Started by Nick O'Neill · 8 months ago

Techcrunch is reporting that hi5, the worlds third largest social network, is laying off 10 to 15 percent of their staff. Mike Trigg of hi5, told Techcrunch that the company is hiring at the same time though and there won’t be a significant change in the net number of employees at ... Continue reading »

1 comment

  • Jamie Scheu

    8 months ago

    The observation you make about restructuring vs "restructuring" (in the HR jargon sense, i.e. layoffs) is a critical one and worth following over the coming months. It will be interesting to see how social networks' cutbacks in spending, if they do choose to do so, will affect their growth rate, especially for the biggies (Facebook and MySpace) that are branching out into new, rapid-growth markets (internationally in particular).
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