TheGlobe.com to Cut Staffing 31%

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.


NEW YORK — Online community theglobe.com plans to eliminate 59 positions, or 31% or its work force, because of significant declines in the Internet advertising sector and continued wide-spread economic uncertainty.

The company said it will also reduce discretionary spending and contracted services.

The company expects the cost-reduction initiatives to save more than $8 million on an annualized basis and better position it to achieve profitability.

There have been no reductions in the company’s nationwide sales force, theglobe said.






AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in