Tuesday, November 25, 2008

Technorati Cuts Employees, Shaves Salaries

San Francisco-based Technorati, which operates an online search site focused on bloggers, said Tuesday that it has laid off six employees, including two executives, and will be giving both its executives and employees pay cuts. According to Technorati, the firm made the cuts in order to ensure the firm can "weather the storm." The firm said that it will give its management team pay cuts ranging from 15-25%, and employees a 10% cut in their salary.