Hi5 Confirms ?Significant? Layoffs, Wraps Them In Mumbo Jumbo Speak
Earlier today, we heard social network Hi5 was laying off a large number of their remaining employees. When we pinged them about this, we expected the usual "no comment" or simply no response. Instead, here's what we got from President/CTO Alex St. John: In support of our market strategy to launch next generation social gaming platform by early next year, our operations team migrated the site infrastructure to the Windows Server OS. This enabled us to consolidate servers, reduce data center costs and increase site performance (We achieved a nearly 12:1 reduction in server and database requirements). We have also been building the next generation site in a new architecture, .NET framework, and have moved away from Open Source and Java technology. As we have recently turned the corner on our technology migration efforts we have been able to significantly reduce the number of positions required to support the older hi5 site and are in the process of re-organizing the company to focus entirely on the development and deployment of our next generation social play site.Did you catch that in there?
Source: http://feedproxy.google.com/~r/Techcrunch/~3/LUpnrKmPZbk/
INTERNATIONAL GAME TECHNOLOGY INTERNATIONAL BUSINESS MACHINES (IBM) INTERDIGITAL COMMUNICATIONS INTEL