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Layoffs Might Cut Jobster’s Workforce In Half
As reported on both GigaOM and Seattlepi.com, Jobster is considering a restructuring of its workforce that may result in layoffs for half of the company’s 145-person workforce. The company has identified profitability as the primary goal for 2007, a decision that might require significant cost cutting. The Seattle-based jobs site has raised $48 million in venture funding from Ignition Partners, The Mayfield Fund, and Trinity Ventures. While no firm decisions have been made, the company’s board is reviewing its plans for the coming year and an announcement is expected in the next few days.
[tags]Jobster, Online Job Boards, Recruitment Advertising, Classifieds, Classified Advertising[/tags]