Developing: Hundreds Laid Off at Monster Today
Multiple sources are telling me a lot of people were laid off at Monster today. The axe fell at around 3 p.m., EST. Apparently, all departments, worldwide, were hit, with the exception of sales.
The number of workers who were cut is being quoted at 800, which is said to be about 7 percent of the company. In January 2012, 400 employees were terminated, so this is a significant increase from that, if true.