Marchex Layoffs Announced
Although they don’t consider themselves domainers, Marchex owns thousands of domain names, and the company is one of the few publicly traded domain-related companies. This morning, Marchex announced that the company is laying off 15 employees, about 4% of its workforce.
They also announced a couple of senior management changes, naming Peter Christothoulou Chief Operating Officer and Matthew Berk Executive Vice President of Product Engineering. In November, Mike Berkens blogged about Marchex and how it’s market cap was just slightly more than the total amount they paid for Yun Yee’s portfolio. While the stock price has increased since Mike’s post, the economy is still taking a toll on the company.
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