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| UPDATED: 2007-08-20 |
 FastSearch Expels 148 Employees! 
By: Navneet Kaushal 2007-08-20 FastSearch & Transfer lets go of 148 employees informs Pandia. SInce 2006, the company has hired over 400 employees... ...and the cuts will occur in all offices around the world. Pandia cites the reason for letting go 148 employees as, "The trouble started in the fall of 2006, when financial director Joesph Larson discovered unexpected losses of NOK 65 millions (USD 11 mill). Unfortunately that was not the end of the story. CEO John Markus Lervik now admits that the company has been too much technology- and sales-driven." Though E 24 feels that Fast Search would last and work better if it was acquired by an international name. On the other hand, Lervikk feels that, "The search engine market has to be consolidated," he says. but we would like to be in a position where it is we who consolidates, instead of being consolidated." For the full article, read Fast Search & Transfer lets go of 148 employees. Comments Tag: FastSearch Add to  Del.icio.us |  Digg |  Reddit |  Furl About the Author: Nav is the founder and CEO of PageTraffic, a premier search engine company known for its assured SEO service, web design and development, copywriting and full time SEO professionals. Navneet has wide experience in natural search engine optimization, internet marketing and PPC campaigns. He is a prolific writer and his articles can be found in the "Best Articles" section of many websites and article banks. As a search engine analyst , he has over 9 years of experience and his knowledge is in application here. |
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