There's something real scary at Monster

The New York-based company said Thursday net income dropped 37% in the fourth quarter, to $28.6 million, or 24 cents per share, missing Wall Street's target of a 27-cent per share profit, according to Thomson Reuters. It cited the impact of the weakening economy on online recruitment services.

I really enjoyed reading the last sentence ;) because it took a high-paying PR person to come up with the phraseology...

Read it here

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Comment by Todd Lempicke on February 3, 2009 at 2:22pm
My question is will they make their services more affordable given the drop in demand. They should.
Comment by Slouch on February 3, 2009 at 9:04pm
with recruiting, in times like this, I think it's real important for recruiters to raise their fees. It;s not like if you lower your fees to get business you will make more placements so you should raise them. I guess it would be difficult for monster to adopt the same policy but what ya gonna do

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