Allan Sabol, CEO of online recruiting marketplace Dayak.com, admitted today that the company has laid off “a reasonable amount” of people.
Although he won’t say how many, he did discuss the reasoning behind the cutbacks.
“We are being cognizant of the current state of the economy,” Sabol said. “Obviously there are many companies who are going through hiring freezes right now, and in some locations laying people off, and we thought it would be the responsible thing to slow down on our spending and our growth and really focus on the fundamentals of our business in this current economy. We did an across-the-board set of layoffs designed purely to get us to a more efficient and sustainable level.”
But he remains optimistic for the future. Dayak recently debuted a revamped employer site, and Sabol said to expect more improvements of this kind. He noted that they’re also rolling out some improvements to Dayak’s split site in the coming months.
“It’s a much different job market today than it was six months ago, and we think that that will continue for some time,” Sabol said. “2010 is the focus on our core technology. We want to focus our efforts on continuing to improve the web site. We want to get our product where we want it so that we are poised and ready when the pendulum swings back the other way.”
Sabol added that he is not expecting anymore layoffs to occur.
“As any recruiter out there knows, the cost of job acquisition has gone up. There are obviously less requisitions out there. But we’re still out there selling and getting those jobs on the site every day. We continue to improve our product, and we still have plenty of great companies and recruiters using the platform today.”
Popularity: 8% [?]
December 2nd, 2008 at 3:17 pm
Should Bountyjobs still be taking notes?
December 2nd, 2008 at 3:45 pm
I like dayak and I hope it can hang in there.
Perhaps Allan should go have a chat with Rob McGovern because apparently Jobfox doesn’t have to cut jobs like many U.S. start-ups, by 30 percent or more and only “trimmed” 7 of their workforce yesterday to better meet 2009 expectations as a result of the slumping global economy.
(psst… I don’t believe it either)
December 2nd, 2008 at 4:20 pm
So the CEo “admitted” to laying people off? Does it say anywhere if that would be charged as a felony, or a misdemeanor? I suppose the seriousness of the charges would be based on the size of the RIF.
JP Morgan Chase is gonna be charged with felonious reductions!
December 2nd, 2008 at 10:10 pm
These companies spend an absurd amount of money building these very simple job boards. Note to Allan = don’t worry about 2010. Better start with taking a serious look at 2009!
December 3rd, 2008 at 10:22 am
BountyJobs is and will be doing the same thing.
December 3rd, 2008 at 10:31 am
Dayak…I have to say I enjoy your site so much more then Bounty…ease of use and customer service. I have used both sites and have not been overly impressed with your comp. Best of luck.
December 13th, 2008 at 12:43 am
http://www.rfcexpress.com/lawsuit.asp?id=42295
I wunder if this had anything to do the the “trimming”…?
Download it and look at the code Day-uck! stole from BJ. Talk about being caught red handed…
Anyone who buys into the BS that “2010 is the focus on our core technology. We want to focus our efforts on continuing to improve the web site” shoud go ahead and invest in Day-uck! because they are as stupid as Allan Sabol