I wonder if this one's included: Your Chicago-based employer just cut wages an average 10% because the CEO of your parent company needed to hit his numbers, to collect an $875,000 bonus. The authors wouldn't need to travel far for an example, of course, because that 10% reduction was recently imposed at -- you got it -- CareerBuilder itself, according to a tipster.Beyond wage cuts, my tipster says, CareerBuilder may also be imposing half-day schedules. Recruitment blog Cheezhead quotes a "friendly insider" saying: "People with a base under $40K are getting a 5% cut. That is a MAJORITY of the sales force. Some execs are getting 20-25% cuts. Probably averages out to a total of 10% of overhead in salaries."
CareerBuilder has about 2,000 employees. It's been hammered by the recession, as employers reduce hiring to a crawl. Gannett owns 50.8% of the site, after a $135 million deal reached six months ago; the rest is owned by newspaper publishers Tribune and McClatchy, and software maker Microsoft.
Can anyone confirm -- and add details? Please post your replies in the comments section, below. To e-mail confidentially, write gannettblog[at]gmail[dot-com]; see Tipsters Anonymous Policy in the green rail, upper right.
Replay: SuperBowl spot
Some of you liked it, some of you didn't. Here's the CareerBuilder spot from the Feb. 1 SuperBowl:
[Book cover: HarperCollins]
I just cannot believe this company. Here they made a bet on the future of the economy and the Internet, and it turned sour. Really bad. In spite of the rhetoric we hear, Monster is still a leader, and there are other job sites now appearing for those seeking jobs with salaries of $100,000 or more. So you are unemployed and you are looking at these sites. So what do you choose: the job site that offers run-of-the-mill jobs, or the site that offers jobs with $100k salaries and up. Hmmm. What to choose, what to choose. GCI buys these companies and then runs them into the ground. There is no innovation, no thought on how to improve them. It is like Metromix, a site we all worked on. It might have been a good idea once, but they just didn't improve it. Now it is languishing and a loser. But the execs get their bonuses.
ReplyDeleteI still love this TV commercial.
ReplyDeleteHey, dummy!
fleasin [my magic word verification code. Who knew fleas could sin. Amazing.]
I know I hated that ad a couple of months ago ... but oddly, it's starting to grow on me.
ReplyDelete"Hey, dummy" ... indeed.
Verification word: trildes. I think I had some of those at a restaurant once.
I still can't figure out why the moms sites are hooked into careerbuilder, or at least that's what's on the moms privacy disclosures. Can someone please explain that reasoning. Thanks.
ReplyDeletePublished a book? Outdated the minute it hits the shelves.
ReplyDelete