LiveJournal lays off 20 out of 28 employees

[aleja]

The bubble in social networking has burst, decisively. LiveJournal, the San Francisco-based arm of Sup, a Russian Internet startup, has cut about 20 of 28 employees - and offered them no severance, we're told.

Source: Valleywag, The Russian Bear Slashes a Social Network (1/6/09)

So what happens next?

ETA:  This may be helpful if you're looking to

Comments

[mlfoley]

Shit, that's an incredibly sucky thing to do to employees, right after the holidays, too.

[ooshiny]

Wow... that's awful. Guess we'll see what happens... I'm backing up my stuff tonight. Hopefully my permanent account won't end up costing $150 for a year and a half.

[jessiedwheelie]

how do you back up your stuff??

[ooshiny]

I'm not sure yet, to be honest. :) One of my friends mentioned she was backing hers up and had already done so a month or two ago, so I'm bugging her for details. I'll report back when I hear back from her.

[aleja]

I edited the post with a link to the FAQ:

FAQ Question #8
How do I download all of my journal entries?

[xse99]

I love the way you answer my questions before I can ask them!