"LiveJournal deletes 'about a dozen' jobs"
So...that's about one fifth the staff, not 70%. This statement has been released by SUP, the Russian-based firm that bought LJ from SixApart back in 2007:
"LiveJournal Inc.'s headquarters, technical operations (and servers), legal, administration, and the customer service teams will remain in the United States," the release explained. "LiveJournal's global product development and design will now be coordinated out of its Moscow office. The pooling of resources between the U.S. and Russia will allow the company to build a stronger business model, well positioned to guarantee the long-term success of LiveJournal."
Ceiling Cat says it's be gonna alright, so you can all go back about your business. Teh internets is safe.