China Financial Daily

January 31, 2009

St Ann layoffs, Digg layoffs

Filed under: Financial News — Tags: , — Nancy @ 10:43 pm -0800

Jamaica St Ann Bauxite Company announced to lay off employees
News on February 1, 2009: St Ann Bauxite Company Limited currently announced to lay off 150 employees in the first quarter of 2009, which accounted for about 20% of the total number. The company pointed out that as the global economic crisis and the unprecedented downturn in demand, as well as decline of bauxite and alumina prices, the layoff measures must be taken.

Digg plans to lay off about 10 percent
USA news aggregator site Digg CEO Jay Adelson on Thursday issued a statement in the official blog that this website would take measures to lay off employees. Digg spokesman said the company would lay off about 10%, but did not disclose specific figures. At present, the total number of employees is 75. Digg also pointed out that the site plan to reduce costs and achieve profitability in 2009; in addition, the site would recruit employees to set up a direct sales team.

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