Comments on: “bloody monday” at monster

By: monstermgmt

monstermgmt — Fri, 24 Jul 2009 21:39:31 +0000

Monster has some serious issues, here is a real insight:
– The CIO never show up in all-hand meetings, hardly ever communicates,
why does it matter? go figure…
– Highly volatile management, director/VPs/Manager, no one feels secure,it does not matter how hard u work, if you are not part of the golf club, u could be laid-off anytime -;, I was lucky to survive this time, not sure in near future…
– Trovix + ChinaHR, over 200M spend initially and another 10
to 20 millions to merge/integrate those technologies, ROI? no
body in upper management cares. Every project at monster in last
3-4 years are based on “because CB is doing it we need to do it”,
“need more graphics on site”, “widgets…what a great thing…”
it seems like the word “ROI” does not exist here, zero accountability
“you can spend 10 million on a new look of the site” returns…
“did we project before…so why ask now…”
- So now half ur pocket is empty(220 million from 340 million a year ago), need 20% every year to maintain it, result 1Q,2Q, and 3Q? 30% revenue loss compare to last year, action: layoff people, wait…160 laid-off but 80 will be rehired at Cambridge facility, what a great idea?? not original let me guess because Google just did…copy cat

In my last 5 years with Monster, one thing that’s common between
this management and previous one is, “act first and then think”,
“oh what did I do wrong??”

The CEO no doubt is a great leader, I am big fan of him and a reason
why I am still here, unfortunately from investors perspective that’s not enough, I have seen lot of companies with great leader but are
not doing good because they don’t know what’s happening at the shop-
floor level.

Enough for now…will share more latter….looks like I am the only one still in the office…4 days a week won’t be a bad idea.

By: CVB.co.nz Jobs

CVB.co.nz Jobs — Fri, 10 Jul 2009 00:38:42 +0000

Will this effect their re-launch into the Australian market with Careerone.com.au?

By: Lorraine

Lorraine — Thu, 09 Jul 2009 21:08:52 +0000

Somehow this is not so surprising. Amazing it took this long to happen.

By: meaningofitall

meaningofitall — Wed, 08 Jul 2009 22:07:30 +0000

does this article (see below) mean they’re back-burnering trovix? or just switching the work to Cambridge?

http://www.masshightech.com/stories/2009/07/06/daily34-Monster-cuts-160-creates-80-jobs-in-Cambridge.html

By: One of the laid off

One of the laid off — Wed, 08 Jul 2009 16:13:18 +0000

It is true; I am one of the casualties. Word is it’s about 160 people.

By: techhiringguru

techhiringguru — Tue, 07 Jul 2009 22:09:04 +0000

Hi Cheesman,

Every Monster type job board is about to get hit hard!

I just left a Fortune 100 technology company and job boards is a HUGE investment or cost depends on which major board is being reviewed and let’s just say ending some major job board relationships saves about 1-3 recruiter jobs for every group with at least 20-25 fulltime recruiters in most large companies technology companies across the board.

So who’s job will be spared if the large tech firm has a say in it ?

It won’t be a Monster, Dice or Hotjobs employee a large tech firm Shareholders care about.

John Polhill – Founder of http://www.cgtpa.org

By: Monster Tight-Lipped About Rumored Layoffs; Stock Takes a Hit : ERE.net

Monster Tight-Lipped About Rumored Layoffs; Stock Takes a Hit : ERE.net — Tue, 07 Jul 2009 17:06:24 +0000

[...] Cheesman reported Monday that he received a tip from a Monster worker who claims to have seen a multi-page list of about 200 [...]