Layoffs at Friendster

I was just informed by a source within Friendster that employees were called into a conference room this morning and pink slips handed out. I will post more information as the details emerge about the size and the scope of the layoffs since early reports vary the number from five people to one third of the company.

[Update 19:30] Seven or eight people were laid off due to “headcount adjustments” I am told. Friendster has about 20 total employees and is based in Mountain View.

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