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Digg slices 10 percent of staff, holds all-hands meeting

Digg, the social news site that skyrocketed to notoriety in the mid-2000s and then subsequently saw its star fade with the rise of Twitter and Facebook, said it will lay off 10 percent of its staff today.

The company’s founder Kevin Rose (pictured), who famously graced a BusinessWeek cover in 2006 as part of a story that chronicled the rebirth of the Silicon Valley tech scene, wrote an e-mail announcing the decision to his staff today.

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