We’re trying to confirm reports of a large round of layoffs at Monster Worldwide Inc. (NYSE: MWW). The company, with headquarters in New York and offices in Maynard, may have laid off as many as 200, according to the recruiting blog Cheezhead, which quoted an anonymous source reportedly among those laid off.
So far, mention of layoffs at the Internet job search company has surfaced on Twitter, as well. But the company is skirting questions on the topic, saying only that it is restructuring its product and technology division.
“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,” reads a written statement emailed by a spokeswoman. “This means that roles and skill areas that are no longer needed to support the business are re-structured.”
The same statement also mentioned a “Technology Center of Excellence and Innovation,” which the company is opening in Cambridge. The move was announced internally “over the past several days,” along with the product and technology restructuring, according to the statement.
However, a spokeswoman declined to say more about that project – or facility, or whatever it is – until after the company reports earnings, later this month.
Last week, Monster’s stock tumbled after the release of worse-than-expected June job loss numbers.
Posted by Galen Moore
Tags: Cheezhead, jobs, layoffs, Monster Worldwide, Twitter
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