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• Managing editor Nick Denton of blogging media network Gawker announced that the company will be laying off 19 off their 133 editorial staff. Gawker Media manages and publishes some of the most popular blogs on the internet, including Gizmodo, Kotaku and Lifehacker. A memo from Nick Denton sent to Gawker employees said that the savings earned from the lay offs will mean increased base pay and 10 new employees hired to the most commercially successful Gawker blogs.

• Fast Facts

  1. Memo from Nick Denton says 16 of the 133 editorial employees to be laid offValleywag: Valleywag cuts 60 percent of staff (October 3, 2008)
  2. Bonus payments are also being suspendedValleywag: Valleywag cuts 60 percent of staff (October 3, 2008)
  3. Lay offs means higher base salaries and 10 new employees to successful Gawker blogsValleywag: Valleywag cuts 60 percent of staff (October 3, 2008)

• Quotations

  • "You can guess the reason for these brutal measures: the recession."Valleywag: Valleywag cuts 60 percent of staff (October 3, 2008) -- Nick Denton
  • "The site leads and writers on all of our sites have done exactly what we asked them to: work harder than the competition and grow the audience. It's my commercial judgment that's been at fault."Valleywag: Valleywag cuts 60 percent of staff (October 3, 2008) -- Nick Denton

• Related Pages on Mahalo

  Gawker Media | Nick Denton | Gizmodo | Kotaku | Lifehacker | Google Layoffs

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