Monster.com may add to the ranks of job seekers posting resumes on its site as it cuts 10 percent of its own staff to save costs.
A spokesperson for the popular online job-seeking site said the cuts are being made in response to a sharp downturn in business seen since the US terrorism attacks on September 11.
-We wouldn't want to comment on what's happening in the US," said Monster.com.au's marketing director Duncan Wakes-Miller. -We're not planning on making any cuts at all in the Asia Pacific region. We have a high trajectory of growth and if anything, we may be hiring more people."
While most Internet businesses have been struggling for some time, the online job search sector had been holding up better than most. But since sites like Monster are funded by fees from employers who post jobs, they do not necessarily stand to benefit from an increased pool of job seekers, unless those job seekers are able to find work on its site.
Monster.com said that in addition to cutting costs, the layoffs reflected improved efficiencies it has achieved through the acquisition of other online job seeking sites.
Reuters contributed to this report.
