San Francisco - Social news aggregation site Digg announced on its blog on Thursday that it will effect a round of layoffs, later telling All Things D that it will cut about 10% of its staff of 75.

"Given the current economic climate, we've made the decision to take a more conservative approach to our expansion plans and aggressively focus on reaching profitability within the year," wrote Digg CEO Jay Adelson.

"We'll be taking proactive measures to manage our costs including a headcount reduction in certain areas that are less core to this year's objectives while continuing to hire for roles that will help build on our leadership position and get us to profitability faster.

"This includes hiring a direct sales team, in addition to other targeted hires in 2009."

Related Links:
http://snipurl.com/ak58m (All Things D)

http://blog.digg.com/?p=516