Monster Worldwide cautious on 2012; to cut jobs

[HughBeaumont]

http://www.reuters.com/article/2012/01/26/monsterworldwide-idUSL4E8CQ5EG20120126

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?

[onehandle]

1. Monster is a horrible spamfest. You might as well send your personal info to Google itself. nt

[Johnny Noshoes]

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.

[octothorpe]

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.

[Ruby the Liberal]

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.

[OhioChick]

4. Your Pillsbury Doughboy is looking fatter

K&R on the thread.

[HughBeaumont]

5. It's a different one than last time.

They resized it to scrunch poor Poppin Fresh.

Hell, I'm just glad to have the doughboy back.