Angie's List axes 70 Indy positions in latest round of layoffs
Angie’s List eliminated 70 jobs on Thursday, the latest in a series of layoff rounds that commenced last year.
The cuts came mostly in sales, spokeswoman Leslie Arena said in a phone interview Thursday. They follow the consolidation of the company’s product and technology divisions last week that resulted in about 16 layoffs.
Arena said the cuts that happened Thursday “reflects our focus on continued operational effectiveness,” which involves leveraging technology and automation. She said the company now has less than the 1,500 people it reported in securities filings but declined to offer specifics.
Angie’s List in November initiated a round of layoffs following its announcement to seek a buyer and find between $15 million and $20 million in cost savings. The company had about 1,800 employees then.
Last month, Angie’s List agreed to sell itself to New York-based media giant IAC and merge with IAC subsidiary HomeAdvisor and form a new company called ANGIHomeservices Inc.
Angie’s List and HomeAdvisor will remain separate brands after the deal closes, which is expected to happen in the fourth quarter.
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Published at Thu, 01 Jun 2017 21:22:00 +0000