More Good People To Fire In Slow Times: Hi5 Fires QA, Design and HR Employees

• Hi5, the number 3 social network in the world has announced a 10-15% layoff to its 110 person staff.
• The firings are in HR, QA Testing and Design. Makes sense in a slow economy where everyone is trying to conserve.
• Hi5, which is massive in Southeast Asia is feeling the Asian market downturn with advertisers cutting back.
• In the past months, they have seen their traffic growth cool off to 56M uniques worldwide a month.

TC

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