A Smaller Monster
It appears that Monster.com’s legal woes are impacting their bottom line. They are laying off 800 employees. From the Pioneer Press’ Monster to cut 800 jobs:
Monster, which has been grappling with an investigation into its stock-option granting practices, said second-quarter operating expenses swelled by 34 percent, largely because of higher legal fees and severance payments. Profit fell 28 percent in the quarter, even as sales rose.
Good lesson here - businesses grow on profit, not revenue. That should be obvious, but we still talk to salespeople who seem unaware of this truth.
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