Monster Layoffs or Reorganisation?

Rumours are circulating that US-based global jobs website monster.com is reorganising and laying off staff.

Cheezhead writes:

“Sources are telling us the company is going through another round of layoffs in light of recent cuts over the past year. It’s been described as “Bloody Monday” via Facebook updates.”

Layoff figures being alleged are a high as 200 staff, and the reorganisation is said to be merging employer and seeker groups.

People are wary of the way Monster shelved 800 staff in mid-2007.

Cheezhead also quote Kathy O’Reilly, senior manager, media relations as saying:

“Over the past several days, we’ve announced internally two important moves that position Monster to meet the changing needs of our customers: the opening of a Technology Center of Excellence & Innovation in Cambridge, MA; and a re-structuring of our Product & Technology organization to support our strategic direction.”

“As we have been doing for the past 24 months, we continue to re-structure, re-organize and, importantly, re-invest in our organization in ways that we believe are necessary to meet our ever-growing and changing customer needs. This means that roles and skill areas that are no longer needed to support the business are re-structured so that we can bring in the skills necessary to continue to invest in industry-leading product innovation and in building the infrastructure and organization to successfully grow our business for the future.”

On Wednesday the story hotted up with Monster confirming plans to open a new Technology Center of Excellence & Innovation in Cambridge. The company is actively recruiting for about 80 new technical positions to be located at the center, with potential for more recruitment in the future.

Alongside the new hires comes the rumoured layoffs, believed to include the removal of around 160 jobs globally in global product and technology, as well as 50 jobs at the Maynard site mainly to do with the integration of the Trovix Inc. semantic job search product, which it acquired last year for $72.5 million, according to The Journal of New England Technology.

Announcing the new centre, Sal Iannuzzi, Monster Worldwide CEO, said:

“Over the past two years we have successfully re-launched our employer and seeker sites on a global basis and we have made substantial progress on the consolidation of our various operating platforms which has resulted in a need for different skills and expertise as we pursue our next generation of product and search technologies. We believe that our new technology center will provide the physical and personnel resources to help us successfully execute on our strategic investments. We are making what we believe are the right moves to create the new products and services our customers need.”

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