Monday, August 18, 2008
Oversee.net Cuts Staff, Blames Economy
Los Angeles-based Oversee.net, an operator of online marketing and Internet domain name monetization services, quietly cut 10 percent of the firm's staff Friday. A spokesperson for the firm confirmed the layoffs this morning with socalTECH, saying that the cuts were in response to the general economic weakness and pressures in the industry. The cuts were made across all of the firm's three offices, including Los Angeles, Portland, and Florida.