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Is this a sign of a coming blogocalypse?

by  in Comic News Comment
Is this a sign of a coming blogocalypse?

LiveJournal, the social networking site that’s home to countless bloggers, scanlators and slashfic writers, has cut a significant portion of its staff — although the actual number is unclear.

An initial report said the company had let go about 20 of its 28 employees, but a statement from LiveJournal claims there are “about a dozen” layoffs, amounting to about one-fifth of the staff.

Valleywag reports that the social-media pioneer laid off all of its product managers and engineers, “leaving only a handful of finance and operations workers — which speaks to a website to be left on life support.”

Founded in 1999 by Brad Fitzpatrick as a way to keep his friends from high school updated about his activities, LiveJournal was among the first blogging services and social networks. The company was bought in 2005 by blogging-software company Six Apart and then sold two years later to Russian online-media company SUP.

According to the statement from LiveJournal, the company’s servers, technical operations, administration and customer-service teams will remain in the United States. However, global product development and design now will be coordinated out of the Moscow office.

I should’ve seen this coming when my RSS feed for Scans Daily stopped working …

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