Feeling the effects of a softer job market, the company will be laying off 10% of its workforce in a cost cutting move.
In contrast to many online businesses spawned during the height of the tech boom, Monster.com has managed to keep its head above water.
However, the company gets its revenue from employers that pay a fee to post their job openings on the site, and a weaker economy translates into fewer job openings and fewer fees, according to the report.
The layoffs also reflected improved efficiencies it has achieved through the acquisition of other online job seeking sites, Reuters reports.
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