Beleaguered Digg Announces More Layoffs

Not only did Digg lose its chief revenue officer today, the company also sent out an e-mail to staff announcing massive layoffs. According to the report, the company is letting 25 of its 67 employees go. Ouch.

On Monday, following a report in AllThingsD that publisher and chief revenue officer Chas Edwards was bailing for a start-up, Pixazza, CEO Matt Williams e-mailed staffers to announce that "the burn rate is too high" at the company and that it would be laying off 25 of its 67 staffers, a total of 37 percent.

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