THINK’s New York Staff Reportedly Cut 25%

Interactive agency THINK New Ideas
cut up to 25% of its
New York office staff, according to a report from the Silicon Alley Reporter,
which
quoted sources as saying 15 of THINK’s 60-person New York workforce were laid
off.


THINK New Ideas executive vice president and managing director in New York,
Jon Adams, confirmed the layoffs, but said: “It is really not 15. Ten people
left this week. A couple resigned and a couple were terminated.” He says the
New York staff totals 60 to 65, not including the corporate staff.


Adams was quoted as saying that the people who left were primarily in “traffic
and production,” and that the reductions are part of an ongoing
restructuring. He
said that with recent hires the total number of staffers has remained
constant, and that he is seeking to fill several positions.


Meanwhile, the Reporter said that Internet advertising software firm Solbright laid off nine of its 26
employees. Solbright founder and CEO Key Compton was quoted as saying that
this is “simply part of being a dynamic, quickly-growing company.”


Solbright’s new investors, who supplied the company with a seven-figure cash
infusion in July, recommended that Compton examine the “extraneous and
tangential” aspects of the business. The result was reorganization of the
staff, Compton said. Compton would not disclose the identity of Solbright’s
investors.


Compton emphasized that the company is financially healthy and the market
for their products is still strong. “We’ve tripled in size in the last four
months,” he said. “Business is extremely strong. The market’s
needs are much stronger than we originally thought.” He also mentioned that
the company has hired “a few” new employees.


Hearst and Quote.com, among other publishers, have been using the beta version
of Solbright’s AdSuite package.

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