Magazine article Workforce Management

Cuts at Monster Not Expected to Hamper Service

Magazine article Workforce Management

Cuts at Monster Not Expected to Hamper Service

Article excerpt

JOB BOARDS

If things go as planned, industry experts say Monster Worldwide's sweeping cutbacks, which resulted in a 15 percent reduction of full-time staffers, should not have an adverse effect on the products and services that draw HR professionals to the job board.

"It is unlikely that customers will feel a difference from the reduction in headcount," says Ashish Thadhani, who tracks Monster as senior VP of research for Gilford Securities in New York.

The restructuring eliminates 800 of the company's more than 5,500 full-time positions, but most of these are in HR, finance and general administration.

Monster's transformation into a flatter, more centralized organization should enable workers to respond faster and more efficiently to the needs of customers, says Neal Bruce, vice president of alliances at Monster.

The product development division won't be cut, and Bruce adds that an expansion of the worldwide sales force is likely as international business has become a key element in Monster's growth. …

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