Report: Evite Lays of a Quarter of Employees

Authored by Jay Baage on July 2, 2009 - 8:08am.

New York - Online invitation service Evite, owned by IAC (NSDQ: IACI), is has laid off almost a quarter of its personel, 9 employees out of 38 total, and will reorganize to cope with a slump in advertising, according to Paid Content. IAC Chairman Barry Diller said in the first quarter earnings call that display advertising on Evite, its main source of revenue, has been hurt due to the downturn.

 

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tags: IAC | Layoffs | Evite |

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