CareerBuilder, the job finding website has fired 300 employees which is 15% of the total workforce. The company has around 2000 employees. The job cuts have been made across a number of departments. Last week a notice was issued to the employees who lost their jobs. The company is owned 50% by Gannet and 30% by Tribune. Earlier this week the Tribune filed for bankruptcy.
According to Richard Castellini, the chief marketing officer of the company:
When we forecast our business for 2009, the growth rates we had anticipated weren’t going to be in line with where we were currently seeing the business.