CareerBuilder slashes 300 jobs
Posted: December 14th, 2008 | Author: dubaidude | Filed under: By Location, USA | No Comments »
Hundreds of jobs have been cut at a company that is supposed to help people find jobs.
Job posting Web site CareerBuilder has slashed 300 jobs, or about 15 percent of its workforce, according to the Chicago Tribune. The cuts were across the board, but mostly in its small business segment, the Tribune reports, citing chief marketing officer Richard Castellini.
The cuts took place last week, the newspaper reported.
CareerBuilder is majority-owned by Gannett Co. Inc. and Tribune Co., both companies that have struggled with dropping advertising revenue at their publishing businesses. Gannett has responded by cutting hundreds of jobs this year. Tribune this week filed for Chapter 11 bankruptcy protection.
“When we forecast our business for 2009, the growth rates we had anticipated weren’t going to be in line with where we were currently seeing the business,” The Tribune quoated Castellini as saying about the job cuts at CareerBuilder.
From Washington Business Journal
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