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In Wake Of CEO’s Departure, Digg Cuts 10 Percent Of Staff

May 6, 2010 2:18 PM

Digg, which saw the departure of longtime CEO Jay Adelson a month ago, is now laying off 10 percent of its staff. In an e-mail sent to employees, founder Kevin Rose says the layoffs are necessary for the “long-term health” of the business. The job cuts—Digg’s second round of layoffs…

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Posted In: Jobs & Layoffs, Media & Publishing, Social Media, Community, digg

NowPublic Lays Off Staff, Citing Acquisition; Vows To Rebuild

Apr 23, 2010 2:13 PM

Citizen-J site NowPublic has laid off several members of its dozen-person staff, paidContent has been told, confirming portions of an earlier post by Reportr.net. In an e-mail message to paidContent, NowPublic’s founder Leonard Brody said that, contrary to the earlier report that the site was headed for its demise, NowPublic…

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Posted In: Jobs & Layoffs, Media & Publishing, Newspapers, Online News, Social Media, News Sharing, nowpublic

Ning Cuts 40 Percent Of Staff; Goes All Paid

Apr 15, 2010 1:58 PM

Looks like the departure exactly a month ago of long-time Ning CEO Gina Bianchini was not as benign as Ning tried to portray it. The build-your-own social network startup is laying off 40 percent of its staff, or 69 employees, and is moving to an entirely paid model. In a…

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Posted In: Jobs & Layoffs, Money, Social Media, Community, ning

Meredith Digital Reorg Results In Loss Of 20 Jobs

Apr 9, 2010 6:07 PM

Meredith (NYSE: MDP) is reorganizing its National Media Group to streamline its digital content creation and sales and marketing efforts and the publisher will cut an unspecified number of jobs by the time the task is completed, according to a memo obtained by paidContent statement issued by the company.  It…

Meredith's memo, after the jump »

Posted In: Advertising, Jobs & Layoffs, Media & Publishing, Magazines, meredith

Zapoint Buys Social Recruitment Site Jobster

Apr 5, 2010 4:20 PM

The relatively positive jobs report last week could mean that recruitment sites return to healthier ad revenues. In preparation of a somewhat healthier employment ad market, Zapoint, a company that bills itself as a “career and talent management platform,” has acquired social recruiter Jobster, Techcrunch reported. Terms weren’t disclosed.

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Posted In: Advertising, E-Commerce, Classifieds Business, Jobs & Layoffs, Money, M&A & Venture Capital, Mergers & Acquisitions, jobster, zapoint

RealNetworks Cuts Another Four Percent Of Staff

Mar 31, 2010 6:31 PM

RealNetworks (NSDQ: RNWK)—which is in the midst of a major reorganization—is cutting another four percent of its workforce, or 60 jobs. This is the first round of layoffs at the company since Rob Glaser stepped down as CEO. Interim CEO Bob Kimball is restructuring the company around two of its…

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Posted In: Jobs & Layoffs, Companies, RealNetworks

News Corp’s IGN Cuts Jobs Across The Board

Mar 16, 2010 6:41 PM

News Corp.-owned IGN Entertainment, which includes both the video game network of the same name, as well as sites like AskMen, is going through a major round of layoffs. In an all-staff memo sent today, IGN president Roy Bahat says that while the company has been “doing well—we’re profitable and…

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Posted In: Jobs & Layoffs, Companies, News Corp.

Skill Finding Site Weedle Gets $4 Million

Mar 15, 2010 2:40 PM

Weedle, a site that lets users find people who have specific skills and also pitch their own, has raised $4 million in funding. On Weedle, users create short profiles for free complete with their background, as well as the service they’re providing. They can also “vouch” for other members. Weedle…

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Posted In: Jobs & Layoffs, Money, M&A & Venture Capital, Venture Capital, Social Media, Community, Countries, Europe, Ireland, enterprise ireland, weedle

Bloomberg BusinessWeek Cuts 25; Moves A Dozen To The Wire Service

Mar 11, 2010 3:33 PM

About 25 staffers were let go from Bloomberg BusinessWeek as the title prepares for its major redesign late next month. Among the 25 who were cut were senior reporters Tom Lowry and Michelle Conlin, FishbowlNY reported. The layoffs were attributed to “redundancies,” a Bloomberg rep told Mediaweek. Separate from the…

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Posted In: Jobs & Layoffs, Media & Publishing, Magazines, bloomberg, bloomberg businessweek, businessweek

Google Hands Out Salary Hikes, Bigger Bonuses To Top Execs

Mar 5, 2010 5:21 PM

Google (NSDQ: GOOG) is doling out about $8 million in bonuses to several top employees “in recognition of executive officers’ contributions to performance,” according to an SEC filing just filed. All of the payments are up considerably from last year. The details: CFO Patrick Pichette, SVP Alan Eustace, and SVP…

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Posted In: Jobs & Layoffs, Money, Companies, Google, alan eustace, david drummand, jonathan rosenberg, patrick pichette

Earnings
Take-Two To Cut 15 Percent Of ‘Corporate’ Jobs

Mar 3, 2010 6:20 PM

Take-Two Interactive (NSDQ: TTWO), which is under heavy pressure to turn-around its flagging performance, is cutting 15 percent of its corporate staff. (A spokesman wouldn’t say how many jobs were cut but said no positions were eliminated at Take-Two’s studios). The company described the job cuts as part of a…

EPS* Rev. vs Q0109 Net Inc. vs Q0109
Take-Two Interactive Release Beat Analysts' Estimates Revenue Indicator 9% Net Income Indicator 38%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Entertainment, Gaming, Jobs & Layoffs, Money, Earnings, take-two interactive

The Career Site Funding Spree: BraveNewTalent Gets Its Round

Mar 1, 2010 3:10 PM

BraveNewTalent, a British social recruiting site which has its sites on an overseas expansion, has raised £350,000 (roughly $560,000) in a funding round from nine angel investors. The site—which mixes social networking with job searching—promises to let students and graduates “find, follow and build a relationship with employers of choice.”…

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Posted In: Jobs & Layoffs, Money, M&A & Venture Capital, Venture Capital, Social Media, Community, bravenewtalent

ABC News Plans Major Job Cuts As Part Of ‘Fundamental Transformation’; Westin’s Memo

Feb 23, 2010 3:35 PM

ABC (NYSE: DIS) News is planning a major restructuring of its operations that will likely leave it with “substantially fewer people on staff,” according to an e-mail sent to employees this afternoon by ABC News President David Westin. Westin calls it a “fundamental transformation” that will “ensure that ABC News…

Full memo, after the jump »

Posted In: Jobs & Layoffs, Companies, Disney, ABC

Help Wanted? Monster Cuts 200 Jobs

Feb 22, 2010 11:36 PM

Considering that unemployment is still up double digits and the unemployment classifieds ad revenue continues to plummet, it’s not all that ironic to learn that even recruitment site Monster Worldwide is laying off 200 staffers. The cuts represent about 3.5 of Monster’s global workforce, which is now roughly 5,600. The…

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Posted In: Advertising, E-Commerce, Classifieds Business, Jobs & Layoffs, Media & Publishing, Newspapers, monster

Veoh Lays Off Remaining Staffers, Files For Bankruptcy

Feb 11, 2010 4:43 PM

Updated: Veoh, the Michael Eisner-backed video site, has been struggling for some time and has now filed for bankruptcy, according to a message CEO Dmitry Shapiro put up on his blog this afternoon; MediaMemo first reported that a bankruptcy filing was coming, citing unidentified sources, earlier today. The San Diego…

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Posted In: Jobs & Layoffs, Media & Publishing, Money, Bankruptcy, Social Media, Video, veoh

Career Site Doostang Gets $1.25 Million

Feb 5, 2010 3:14 PM

Career site Doostang has raised $1.25 million in a funding round from Shasta Ventures, the company tells us. The site promises its users “inside access to thousands of jobs from top employers.” A basic version is free, although Doostang charges for a premium version, which includes unlimited access to job…

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Posted In: Jobs & Layoffs, Money, M&A & Venture Capital, Venture Capital, Social Media, Community, doostang, shasta ventures

More Details On HotJobs-Monster: Three Year Non Compete For Yahoo; Talks Started Oct 2008

Feb 4, 2010 12:49 AM

Some more sale details of Yahoo’s jobs service HotJobs to Monster, announced earlier today, have come out in an SEC filing. The companies have already announced a three-year “commercial traffic agreement,” under which Yahoo (NSDQ: YHOO) will feature Monster job content on its home page, and has a performance based…

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Posted In: Jobs & Layoffs, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Yahoo, hotjobs, monster

Yahoo Sells HotJobs To Monster Worldwide For $225 Million

Feb 3, 2010 4:26 PM

Yahoo’s garage sale is finally attracting some buyers. Three weeks after Yahoo sold its Zimbra e-mail and communications platform to VMWare, the company has now sold its HotJobs recruiting site to Monster Worldwide (NSDQ: MNST) for $225 million. The sale comes nine months after Yahoo (NSDQ: YHOO) put HotJobs up…

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Posted In: Jobs & Layoffs, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Yahoo, hotjobs, monster

Professional Social Network Brazen Careerist Raises About $1 Million

Feb 2, 2010 7:35 PM

Brazen Careerist, a social networking site geared towards “next-generation professionals,” has raised about $1 million in a funding round, according to an SEC filing. As the name implies, no fun and games on this site. Instead, it’s specifically designed to help young people advance in their professions—a role that the…

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Posted In: Jobs & Layoffs, Money, M&A & Venture Capital, Venture Capital, Social Media, Community, brazen careerist

AOL Begins New Round Of Layoffs; 1,100 Accepted Buyouts Offered In November

Jan 11, 2010 12:39 PM

AOL (NYSE: AOL) is announcing a “limited number” layoffs today, as not enough staffers applied for the voluntary buyouts the company said it needed last November. At the time, AOL called for up to 2,500 volunteers—roughly a third of its global workforce to accept a buyout. Only 1,100 staffers volunteered…

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Posted In: Jobs & Layoffs, Companies, AOL

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