AdBrite, the "Internet's Ad Marketplace," has laid off 40 percent of its workforce in an effort to be profitable. Two executives, its vice president of marketing, Paul Levine, and its vice president of finance, Bob Feller, were among those laid off.
"The layoffs are not a statement about performance, but about AdBrite controlling its own destiny and getting profitable immediately," AdBrite CEO Iggy Fanlo said in an interview. "And understanding the multi-decade phenomenon that we've found ourselves in economically, we felt there weren't other options."
"When an economic environment isn'… Read more