Date: 2009-01-08 03:56 pm (UTC)
No, not shutting down for good, that's just what everyone is panicking about.

LJ had a massive downsizing that got reported as being fully half the work force, but that turns out not to be the case. Regardless, there was a round of lay-offs, which spooked people. In any case, people should be backing up their shit. Hence suggestions in this post.
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