AdBrite, in an early awareness about the problems of the contraction of the debt bubble announced a couple weeks ago they were laying off 40% of their staff to bring them to 60 workers instead of 100.
As we have mentioned, the ability for companies with shrinking profits or realising losses to do advertising to aggregate negative savings clownsumer idiots has been sharply reduced. Luckily these guys recognised it early and cut away at the most significant cost center, namely employees. However, the cut happened in the midst of the October downturn and it made them profitable again. Things are still deteriorating. Do we sense a Round II of cuts?
Related:
A Googol Reasons why the Great Ad Fallback Biz Model is Full of Fail
Epic Fail: Epicor Software to Layoff Workers
Out of a Jobster: Jobster Cuts to Barebones
Pandora's Bawx
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment