TechCrunch is reporting that the Digg-like site, Propeller, is holding a severe round of layoffs to reduce its workforce to its former size after relaunching the site a couple of weeks ago.
Topic: Layoffs
AOL makes big cuts across blogs, except Tech
NEWS IN BRIEF: AOL is making big budget cuts in its blogging properties, according to TechCrunch. The cuts range up, according to their sources, to 25% of each blog’s total budget – and the main cuts are from personnel costs.
The bloggers are now told that they should take a couple of weeks off, and there may or may not have a job in AOL in August.
However, the AOL Tech Network, which includes Engadget and TUAW, is reported to be immune from the cuts, since it continues to grow and gives some substantial revenue to the company.
Google to make job cuts
Google has announced its first job axing at its online advertising unit DoubleClick by axing 300 jobs, about one-quarter of it’s 1,200 workforce in the US. Worldwide, it has 1,500 employees.
AOL to cut more than 20 percent of jobs
NEWS IN BRIEF: AOL, as expected by many, have decided to let 20 percent of the workforce (or 10,000) to be let go. “Put simply, my vision for AOL is to build the largest and most sophisticated global advertising network while we grow the size and engagement of our worldwide audience,” CEO Randy Falco wrote in a letter to those who are to be redundant.