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Digg Lays Off Big Chunk of Staff – Still Alot of Work To Do January 22, 2009

Posted by John in social media, Technology.
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Memo from Jay Aldelson from Digg.  I really love to see how companies are trying to survive.  No doubt Digg will survive – Jay’s a good manager and he would have to seriously screw up royally to fail (that’s certainly possible but highly unlikely).  Techcrunch says it’s growth is flat. Digg’s sister company Rev3 is hurting and has laid off staff as well.  Rev3 is now being run by Jim Louderback who has media experience, but the economy isn’t favorable to video at the moment.  Well see about them.  (note: I saw Jim at CES and they were doing some great stuff there with NBC).

Here is Jay’s public post on Digg’s priorities in 2009: goal cut staff and focus on 5 major bullets  to manage.  I would have expected them to have only 3 bullets but maybe there is more coming from Jay and his team.

Hey all,

Wanted to reach out to folks with an update on Digg and our priorities for 2009 as well as address some of the recent speculation about our business.

As we’ve often stated over the past couple of months, given the current economic climate, we’ve made the decision to take a more conservative approach to our expansion plans and aggressively focus on reaching profitability within the year.

This means we’ll be taking proactive measures to manage our costs including a headcount reduction in certain areas that are less core to this year’s objectives while continuing to hire for roles that will help build on our leadership position and get us to profitability faster. This includes hiring a direct sales team, in addition to other targeted hires in 2009.

As part of our aggressive path to profitability within the year, I also wanted to take this opportunity to highlight some of the major priorities for the company:

  • Rolling out new features to grow and engage our community
  • Building on our advertising infrastructure
  • Building on our successful partnership with Microsoft
  • Ongoing sponsorship opportunities
  • Ongoing publisher and trade partnerships

I’m confident that with commitment and focus on these priorities, Digg will be an even stronger company in 2009 and will continue to create innovative features for our more than 35 million community members. I want to thank you all for your continued support and commitment – helping us achieve our vision of the democratization of media, and revolutionizing the way people consume and discover information online.



Recession Over-Hyped? Not For Enterprise and Infrastructure Projects November 3, 2008

Posted by John in Technology.
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Greg Ness from Infoblox writes a blog post on this topic.

Infoblox recently hosted a series of customer Advisory Board Meetings on the East Coast of the US and in Northern Europe. The attendees represented a number of the biggest companies in the world – we’re talking global, household names. Included along with discussions of large-scale deployments of DNS, DHCP, IPAM and other core network services, the group discussed the impacts (or expected impacts) of the current economic woes on IT spending and project priorities.

Several said that IT spending growth would slow from perhaps 5-7% YoY to 3-5% YoY growth. But a reduction in growth is far short of a net reduction in spending: The vast majority of companies said that they would not put off major IT projects, including infrastructure projects.

Recession Induced Network Innovation – Everyone is Freaking Out October 28, 2008

Posted by John in Technology.
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Recession = Innovation; George Colony over at Forrester is saying it will be different, but people are still freaking out in Silicon Valley. I just got off the phone with someone in NY and they are freaking out all over the place in the Big Apple.  I’m not afraid of this market and other entrepreneurs are doing stuff as well. Entrepreneurs are blind to the recession but it doesn’t matter they don’t have the money only the ideas.  It will be a tough road ahead.

I think it is only a matter of time before ALL of the leading networking players start talking about the (strategic importance of the) network as a way to succeed in an uncertain economic climate. Last week, in “Cloud Computing, Virtualization and IT Diseconomies” I talked about the increasingly intense pressures already building on static network infrastructure, and the underlying need for more intelligence and automation.

These intense pressures are setting the stage for the next technology boom, by creating gaps between what networks can do today and what they’ll need to do tomorrow. I was amazed at how quickly the concept of Infrastructure2.0 spread, including an interesting discussion at F5 Network’s pace-setting DevCentral blog.

These pressures are coming from increasing rates of change, especially in larger networks supporting more devices and branches and processes, as well as with the introduction of consolidation, virtualization and cloud computing initiatives. These new initiatives are introducing even higher rates of change and making it clear that a static network will no longer be a strategic network.

The rest of the article is here at Greg Ness’ personal blog

Thanks Greg for the deep analysis.