restructuring
E-mail Error Notifies Carat Staff of Impending Layoffs
ADOTAS – Ah, the innocuous little send button. The twee bearer of bad news not meant for your eyes strikes again. A top HR exec, Rosy Zory, at Aegis Group’s media-buying division of Carat, accidentally sent an email to the entire company (meant for top managers only) detailing a restructuring [...] more...
Shake-Up At Ask: CEO Takes Off
CEO of Ask.com Jim Lanzone has announced that he is leaving the company in a management shake-up at the company. Jim Safka, former CEO of Match.com, will take over the position according to The Wall Street Journal. Scott Garell, who is CEO of IAC Consumer Applications & Portals, will take on [...] more...
E*Trade Closes Institutional Trading Business
It is being reported that E*Trade Financial Corp. is closing its institutional trading business as part of its plans for restructuring the company. This has currently resulted in the sale of its $3 billion asset-backed securities portfolio and the removal of its international institutional business, reports the Wall Street Journal. Included [...] more...
Ad Houses Will Need To Be More Nimble
The Web’s emergence is forcing ad executives to succumb to marketers’ demands that agencies reinvent how ads are created, and forgo their TV-centric approach. Clients are even calling for changes in the way ad firms are structured. But until now, few advertisers have spent more than 5% to 10% of [...] more...
AOL To Cut One-Fifth Of Global Work Force
Time Warner Inc’s Internet unit AOL will eliminate 2,000 jobs as part of an ongoing restructuring to better focus on boosting online advertising, according to a memo obtained by Reuters on Monday. The cuts, which begin on Tuesday, amount to about one-fifth of AOL’s global work force and are spread across [...] 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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