Don't panic.

Well, they did change their "unscheduled downtime" message to reflect current events.  I'm not sure if it's true or not, but the timing sure is suspicious.

From 20 minutes ago:

LiveJournal.com is currently unavailable due to emergency maintenance. Don't worry, this has nothing to do with our recent company layoffs! It's a technical problem, not a lack-of-personnel problem.

Thank you for your patience.