Technorati Lays Off Six, Cuts Pay For Rest

Technorati just announced on its official blog that the company has decided to lay off six employees as the result of generally poor economic conditions. Management is also taking a 10-15% pay cut, while all other surviving employees are getting their paychecks cut down by 10%.

Two of the six departures are from management positions, although no names have been released yet.

CEO Richard Jalichandra described those who have been laid off as "high performers who have worked long hours to get us where we are now. They?re also friends, and we?re very sad to see them go. We simply need a leaner and reconfigured mix to get us through 2009."

The layoffs come just over a month after Technorati acquired ad network AdEngage for an undisclosed amount.

Technorati is now listed on our Layoff Tracker, which we continue to update with all the most recent layoffs in the tech industry.