Thu Jan 26, 2012, 11:04 AM
HughBeaumont (23,548 posts)
Monster Worldwide cautious on 2012; to cut jobs
Online recruitment firm Monster Worldwide Inc said it will reduce its global workforce by about 7 percent and forecast a first-quarter profit below analysts' estimates amid a weak job market in the United States.
The staffing sector -- seen as a barometer of economic health -- has been hit by a slowdown in Europe and an uncertain recovery in the United States, where the unemployment rate currently stands at 8.5 percent.
Iannuzzi does not expect a material change to the job market for the time being.
The company will cut about 400 jobs and consolidate some office facilities, and expects to record a pre-tax charge of $30 million to $40 million mostly in the first quarter.
Oh, irony, where is thy sting?
6 replies, 2350 views
Monster Worldwide cautious on 2012; to cut jobs (Original post)
|Johnny Noshoes||Jan 2012||#2|
|Ruby the Liberal||Jan 2012||#3|
Response to onehandle (Reply #1)
Thu Jan 26, 2012, 01:32 PM
Johnny Noshoes (1,848 posts)
2. When I lost my job 5 months ago...
I checked out Monster - among other sites of course - I found that Monster was a real waste of time. It seems like they're always looking to upsell you some service and college courses. Still looking for work 5 months later I just keep moving on looking for that place called work.
Response to Johnny Noshoes (Reply #2)
Fri Jan 27, 2012, 12:08 PM
octothorpe (962 posts)
6. Monster has became complete crap...
It's the annoying ads, fake-ish job postings and shitty hard to read interface. I remember it used to be much more user friendly a few years ago. I think careerbuilder is far better than monster these days. Although, craigslists has always been better than any of those job specific boards.
Response to HughBeaumont (Original post)
Thu Jan 26, 2012, 02:07 PM
Ruby the Liberal (25,922 posts)
3. I am not surprised at all.
10 years ago, that was a go-to site. Now, it is nothing but a machine for harvesting your information in order to plump up Recruiter databases so that they can show a pipeline when they pitch their services.
They let it get out of control for the almighty dollar and are now reaping the rewards for their short term vision.