layoffs
AOL to slash a third of its staff
ADOTAS – Initial reports suggested that layoffs wouldn’t top a grand, but the latest numbers surrounding AOL’s spinoff from Time Warner have the dwindling Internet dinosaur shedding a third of its staff. AOL is asking for 2,500 volunteers to accept buyouts; layoffs will follow if not enough people sign up to [...] more...
Whither AOL layoffs?
ADOTAS — As Liberty Media kicks the tires of AOL assets, AOL boss Tim Armstrong continues his restructuring. COO Kim Partoll is out, as is John Kannapell, SVP of search and local media, according to AllThingsD. Kara Swisher says that Kannapell’s departure wasn’t a surprise, but Partoll was because she was [...] more...
Next New Networks restructures, some layoffs
ADOTAS — The New York-based online video production company has created two new departments within the company in order to better serve audiences and advertisers and create the next-generation of online programming. The Audience Development Group, headed by co-founder Tim Shey, will now drive all audience building efforts. Entertainment producer Kathleen [...] more...
Joost becomes YouTube roadkill, starts layoffs
ADOTAS — Despite reworking its technology to work in a web browser, the $45 million video service that was supposed to be a YouTube killer is now on life support. Joost CEO Mike Volpi is out and a majority of its employees, nearly 100, will be laid off. A much smaller [...] more...
Fox Interactive Media targets layoffs at Photobucket
ADOTAS — It isn’t done yet. Continuing the bloodletting after MySpace, which has laid off more than 700 people both in the US and internationally in the past month, FIM’s Photobucket laid off about one-third of its staff of about 120, according to Kara Swisher. The photo- and video-hosting service was [...] more...
MySpace Europe layoffs, closings hit
ADOTAS — As was speculated, the social network’s continued restructuring, which included ending plans for a location move and US layoffs, has moved overseas. MySpace will be cutting 300 international staff and closing at least 4 offices outside the US, with those in Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, [...] more...
MySpace layoff frenzy could hit overseas
ADOTAS — The social network might only be beginning its massive restructuring. This past week’s layoffs looks like it could be the first round. MySpace already laid off 30 percent of its staff, about 420 people. But another round, between 300-500, could be axed, according to Alley Insider, and the struggling [...] more...
*More MySpace layoffs coming
ADOTAS — The news that the social network has laid off 30 percent of its staff, about 420 people, was not surprising. Updated news below. Reducing, what some said was a bloated company, down to 1,000 employees can only be the first step. CEO Owen Van Natta says the company needs [...] more...
Fox Interactive Media planning deep layoffs; bad news continues
ADOTAS — While optimists see the light at the end of the tunnel, the continued online tech news appears to show darkness all around. Another company, Fox Interactive Media, is planning for deep layoffs, and the overall tech job market is still being hit hard with no end in sight. Job [...] more...
NebuAd, death imminent
ADOTAS — The behavorial targeting company that all other BT companies use as an example of what not do is closing shop. According to court documents, NebuAd, a deep packet inspection company, has been winding down its affairs since last summer. NebuAd laid off nearly all of its officers and employees, it [...] more...
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Spotlight
AdBidCentral’s CEO, Vivek Veeraraghavan Talks Openly*What was the inspiration to start AdBidCentral? The conditions that inspired AdBidCentral came from a variety of factors in my personal [...] more...
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