John Paczkowski

Recent Posts by John Paczkowski

Digg Dumps 10 Percent of Staff

When former Digg CEO Jay Adelson announced his departure from the social news site earlier this year, he described it as a company maturing well beyond its start-up phase. “Digg Ads [are] doing well,” he wrote. “Our sales force [is] growing [and] our hiring ramping.”

Odd, then, to hear that Digg sacked 10 percent of its staff today for what founder and CEO Kevin Rose says is “the long-term health of the company.”

“This is one of the hardest decisions we’ve had to make recently but we strongly believe that it is the right decision for the long-term health of the company,” Rose wrote in a memo to employees.

“In order to achieve our goals,” he added, “we are putting more emphasis on the engineering and development efforts. In fact, we are still hiring for these teams as they are critical in getting us to where we need to be for the future, for our impending upcoming redesign, and much beyond. The only way for us to truly succeed is to adapt and adjust as necessary.”

That 2006 BusinessWeek cover, “How This Kid Made $60 Million In 18 Months,” must seem like a distant memory now …

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work