Weston, Massachusetts-based Monster Worldwide, a subsidiary of human resources multi-national Diemen, Netherlands-based Randstad Holdings, has announced that its subsidiary Monster.com, once a dominant resume job board, job recruiting and placement service, has announced a reduction in force of approximately five-percent of its global staff, resulting in about 100 layoffs, mostly in sales and support areas.
A Monster spokesperson added the standard corporate dribble, “To accelerate our progress towards sustainable, profitable growth across Monster, we have made the difficult decision to eliminate certain positions in our workforce across our global organization. We regret the impact this will have on our colleagues and their families, and plan to do everything we can to support people affected and treat them with the utmost dignity and respect, including providing outplacement support to help ease the transition.”
According to Monster CEO Scott Gutz, “The impacted positions are across all functions and geographies with a focus on the globalization of our products and marketing initiatives, transforming how we sell to and service our customers, and redirecting resources to next generation technology and data solutions.
It should be noted that traditional job recruitment and placement resources appear to be dying as job-seekers and employers turn to automated systems with pattern-matching and filtering capabilities.
There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere ... are you now wondering, Am I Next?