Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.
SAN FRANCISCO — MarketWatch.com Inc. said it will cut more than 15% of its employees and extend its cost-cutting program to further reduce discretionary spending in areas such as marketing, travel and entertainment and contract services.
The financial-news publisher expects savings of more than $9 million, excluding an unspecified restructuring charge in the second quarter.
“Our focus is on maintaining MarketWatch.com as the No. 1 financial news and information source on the Internet while achieving our financial goal of generating positive cash flow by the end of this year,” Larry Kramer, MarketWatch.com’s
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in