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Home | Business | For E-Commerce, Downsizing Is a Factor

For E-Commerce, Downsizing Is a Factor

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David_Dunlap 29 October, 2008 02:50:00

The day after I spoke to Rich Barton by phone last week, he laid off 25 percent of his staff at Zillow.com.

According to New York Times blogger Damon Darlin, Zillow "has been the envy of many a Web entrepreneur because it has a healthy $87 million in financing (about $540,000 per pre-layoff employee)."

The company, founded in 2006, boasts 5.4 million monthly visitors, but has yet to turn a profit. ... Go to source




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Frank Feingold Frank Feingold is the resident IT guy for Ping! Zine and staff IT Editor. When he is not busy saving the servers from evil hackers, he can be found running his own shared hosting company Doreo.com. In his spare time he enjoys spending time with his family and shopping for new vehicles.]