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Infospace To Cut 20 Percent of Jobs; Reducing Costs

Infospace, which has now sold off all of its mobile businesses and fully focused on online search, will cut about 35 jobs, or about 20 percent of its work force, and take Q4 charges of $7 million to $8 million as a result, the company announced today. Also, it expects the cuts to reduce costs by about $7 million to $9 million. The company will now focus on its search engines like and WebFetch (who ever uses them?)…also, it has long-term agreements with both Google (NSDQ: GOOG) and Yahoo (NSDQ: YHOO) to deliver their search results and text-based ad listings to its network and affiliates through 2011.

Also, the company has appointed Bruce Allenbaugh to the new position of Chief Marketing Officer. Among other things, Allenbaugh served as VP-marketing for Avenue A (now aQuantive). More in releases here and here.

One Response to “Infospace To Cut 20 Percent of Jobs; Reducing Costs”

  1. People who use cell phones in US will start using their results in droves in coming yrs as carrier branded search sites on touch screen phonoes start drawing increased traffic away from desktop sites. Rafat – with all due respect – I bet you would say 10 yrs ago who uses Google and Yhoo to research a topic given that most search traffic is conducted through a car catalog at the library. The phones such as Voyager are $300 but will be $99 next Christmas shopping season.