Monster announced yesterday that it is laying off 15% of its workforce,

or roughly 800 people. The announcement followed the release of their

quarterly financials - Q2 earnings dropped 28% even though revenue was

up 20%. Looks like costs have gotten somewhat out of control. And no

wonder, considering the fact that Monster’s ability to keep visitors

coming to its site has become increasingly difficult and increasingly

costly. Perhaps they’ve gone too far in the… Continue

Thanks to Riveting Rosie for calling out one of the worst web gaffs I’ve seen in a long time. First, the new logo for JobFinderUSA is, as Rosie rightly points out, a total rip-off of LinkedIn,

which by itself is an egregious flaw for any company. Secondly, I’m not

sure… Continue

Jupitermedia Corporation has purchased Mediabistro.com, a site that

originated from the founder organizing cocktail parties and networking

events for media professionals and eventually grew to include

vertical-specific job listings and content. Jupitermedia is paying $23

million for the site which had 600,000 unique visitors last year and

generated revenue from employer listings and premium content

subscription services. Jupitermedia also owns internet.com… Continue

The daily newspaper industry, already in shambles, received more bad news recently with ebay’s U.S. launch of Kijiji. Despite the challenging name, the site is basically an exact replica of Craigslist

which ebay invested $25 million in a few years ago (so much for

amicable strategic corporate investors). With free classified listings

for real estate, cars, jobs, services, and other things, the site will

undoubtedly further erode classified revenue for daily newspapers.…

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