Web.com to Cut More Network Solutions Employees
Monday, October 17th, 2011
Company plans more pink slips at iconic domain registrar.
Web.com plans to fire more Network Solutions employees after it acquires the company than it previously thought.
The company, which also owns domain name registrar Register.com, originally thought it would save $30 million through efficiencies. Now it expects to save much more by “cutting senior manager posts, including Network Solutions’ chief executive, and consolidating data centres and applications”.
“There is significantly more overlap than we originally estimated, and so it’s likely going to be more headcount reduction,” CEO David Brown told Reuters.
It looks like those cuts will come from senior management and not lower level and customer service employees.