Comments on: Reports: NameMedia Lays Off 30

By: Domain Name Wire » News » [UPDATED] Oversee.net Lays Off 18% of Staff - The Domain Industry's News Source

Thu, 15 Jan 2009 21:16:17 +0000

[...] is not the only domain name company cutting employees. NameMedia trimmed its workforce near the end of last year, and domain registrar Tucows cut 15% of its staff in [...]

By: Mr. X

Mr. X — Tue, 25 Nov 2008 01:09:24 +0000

NameMedia has laid off a large number of people from several divisions. Several developer/programmers were laid off, the VP of HR, and the head of their Premium Websites division.

By: RegFeeNames.com

RegFeeNames.com — Sun, 23 Nov 2008 09:07:20 +0000

I think NameMedia are suffering just like everyone else has been in the market.

Now is always a good time to clear out dead wood in your company.

Regards,

Robbie

By: Tim Davids

Tim Davids — Sat, 22 Nov 2008 21:03:42 +0000

wow, buy at $50 sell AT $5000…my first offers’ just went down

By: Andrew

Andrew — Sat, 22 Nov 2008 19:15:28 +0000

@ Wade – will do. I’ve emailed several contacts.

@ Rob – they’re still aggressively buying, so I don’t think they’ll unload them. But they generally buy portfolios for $10-$50 a name and hope to sell them for $1,000-$5,000 a name.

@ Claude – I suspect that since those revenue numbers were released they have seen a huge hit on advertising (parking revenue) and have also grown the staff substantially.

@ Ryan – thanks. They have plenty of churn in their sales group but this certainly could be related.

By: Ryan

Ryan — Sat, 22 Nov 2008 17:52:33 +0000

My account contact at buydomains.com is gone. I tried to call him this past week and they said he was no longer with the company.

By: claude

claude — Sat, 22 Nov 2008 17:19:23 +0000

With roughly 60M in revenues and only 136 employees something does not seem right about having to lay off 30.