Could this be true? The largest online job hunting site will try the worst possible solution to save as much as $170 million a year, whew. Monster.com will slash off almost 800 jobs? W0ot? How could that be?

Monster Worldwide Inc., the world’s largest network of online job-hunting sites, said it will cut 800 jobs, or 15 percent of its staff, after reporting that second-quarter profit fell. The shares rose 6 percent.

Monster cut its 2007 revenue forecast to $1.34 billion to $1.37 billion, from $1.36 billion to $1.4 billion previously. Analysts projected $1.37 billion, according to the average of 19 estimates in a Bloomberg survey.

So, if these 800 jobless folks left off the monster.com trail, where the heck will they pass on their resumes?

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This entry was posted on Monday, July 30th, 2007 at 9:15 pm and is filed under The Web. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.