Monster layoff: 400 cut at job board company
Monster Worldwide Inc. has laid off approximately 7 percent of its worldwide workforce, including fewer than 100 in Massachusetts, where the company maintains its Maynard headquarters and a Cambridge facility.
According to company spokesperson, Monster laid off approximately 400 people Wednesday. The move is an attempt to improve the revenue-generating aspect of its workforce, and the company said it will be hiring some of that number back mainly in sales and marketing roles.