Monster Confirms Layoff But Says It Is Also Hiring

Monster today confirmed rumors of a layoff, saying 160 jobs will be eliminated. But the company tempered the news with the announcement that 80 positions will be created at a new Technology Center of Excellence & Innovation.

The center is opening in Cambridge, Massachusetts, just miles from Monster’s main facility in Maynard.

“The company is now actively recruiting for approximately 80 new technical positions to be located in the Cambridge center, with potential capacity for adding a total of 170 new positions at this center,” reads a press release issued this afternoon.

There was no indication whether any of the 50 workers to be laid off in Maynard might be hired for the new Cambridge center. The other 110 layoffs will occur elsewhere globally, according to the announcement. All the layoffs are coming in Monster’s product and technology group.

Monster CEO Sal Iannuzzi is quoted in the press release saying the company has made “substantial progress on the consolidation of our various operating platforms” over the last two years. That’s created a “need,” he says, “for different skills and expertise as we pursue our next generation of product and search technologies.”

Article Continues Below

The new Cambridge Technology Center of Excellence & Innovation is practically in the shadow of Massachusetts Institute of Technology, one of the nation’s major research universities and a leader in, among other things, computer engineering and artificial intelligence. Monster’s newest center joins others in Maynard; Mountain View, California; Prague, Czech Republic; Kuala Lumpur, Malaysia; and New Delhi, India.

“Cambridge is a logical location for us to grow, with its world-class talent and leading edge research and development infrastructure,” says Darko Dejanovic, executive vice president, global CIO and head of productfor Monster.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.

Topics

Leave a Comment

Your email address will not be published. Required fields are marked *