News Brief
Jupiter Media Metrix Cuts 80 Staffers
Jan 19, 2001, 10:05 AM
Jupiter Media Metrix is slashing 80 employees from the payroll. The New York-based Internet research firm cited the soft economy and a disappointing fourth quarter for the eight-percent cut in its 1,000-person workforce.
On Wednesday, the company warned that revenues for the fourth quarter would reach $38.2 to $38.5 million, falling short of prior forecasts of $39.5 and $42 million. Jupiter Media Metrix also expects a net loss between 22 and 23 cents per share, versus a previous projection of one cent per share.
"The rapidly softening economy directly impacted our revenues, and left us with expenses that were based on previously planned, higher growth rates," said Tod Johnson, chairman and CEO of Jupiter Media Metrix.
Recent Online Media Daily Articles
-
Gmail Hangouts Disable Google Voice May 20, 3:23 p.m.
Google's new version of Hangouts for Gmail eliminates Google Voice features. The move is frustrating heavy ... -
Digital Boost: Ziff Davis Acquires NetShelter May 20, 3:19 p.m.
Ziff Davis on Monday announced the acquisition of content network NetShelter from ad platform inPowered. Financial ... -
LikeableAds.com Launches, Focus on Social Media Ads May 20, 3:04 p.m.
To keep up with growing demand from Madison Avenue, the social marketing consultants at Likeable Media ... -
Yahoo To Ramp 'Native' Ads On Tumblr May 20, 1:37 p.m.
With its $1.1 billion acquisition of Tumblr, Yahoo on Monday made clear it plans to allow ... -
Gigya Improves Marketing, Adds 21 Social, Tech Partners May 20, 9:15 a.m.
Social services startup Gigya on Monday is expected to announce the addition of 21 social and ... -
Health/Wellness Shop Diversifies Into Happiness, Launches Platform To Fuel It May 20, 9:06 a.m.
The CementBloc, a spunky New York-based agency specializing in health and wellness marketing, is diversifying into ... -
Yahoo To Buy Tumblr For $1.1 Billion May 19, 7:26 p.m.
The Yahoo board has agreed to acquire popular blogging site Tumblr for $1.1 billion in cash, ... -
Weather.com Develops Real-Time Data Ad Targeting May 17, 5:12 p.m.
Weather.com has begun using audience segmentation data from Lotame to develop real-time targeting services based on ... -
MetroPCS Drops Challenge To Neutrality Rules May 17, 4:44 p.m.
T-Mobile's newly acquired MetroPCS withdrew its challenge to the Federal Communications Commission's net neutrality rules on ... -
'Geo-Conquesting' Drives Higher Mobile Click Rates May 17, 3:56 p.m.
The practice of conquesting -- running advertising for a brand or product near editorial content about ...
Be the first to comment on "Jupiter Media Metrix Cuts 80 Staffers"
Leave a Comment