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Hollywood-based Buzz Media the venture backed content, media, and community site, has made more cuts , this time at the firm's Idolator blog. According to a post by one of its editors earlier this month, the site has cut "pretty much all" of Idolator's contributing writers, including columnists and daily bloggers.
Santa Monica-based Mahalo , the online human-curated news and search site headed by Jason Calacanis, has cut 10 percent of its staff, according to reports. According to a report by CenterNetworks, the changes were a reaction to the search algorithm and quality changes made by Google last week. READ MORE>>.
In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week. The report--from Bloomberg--said that the new rules kick in immediately.
Buzznet operates an online social networking and social mediasite focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others. According to the publication, citing a representative of the firm, Buzznet has eliminated 10 employees, from a total of 89 staff.
Even a million users on your social mediasite won’t pay the bills until you sell some advertising or a premium service. This means identifying initiatives early, communicating openly with your team, and asking for their help on the dilemmas of production cuts and layoffs. Everyone, including your Board, should have a role.
Los Angeles-based Uber, the online social networking web site run by former Friendster CEO Scott Sassa, has shut down. According to the firm's web site, as of September 29, the firm's investors have decided to stop supporting the site, and the company has closed its doors. Uber blamed the crisis in the economy for the shutdown.
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