11/16/08

    Like so many other dot-coms, Oodle has cut its staff and is curtailing other expenses as well.  Although the venture-backed classified advertising aggregation company still has money in the bank, it's preparing for a long time with the economy in the dumps.

    CEO Craig Donato said he made the "prudent decision" to axe 10 people as part of a reorganization that cut sales and marketing positions a few weeks ago. But he told Kate Kaye of ClickZ.com that "We're still aggressively hiring in engineering and other key roles."

    In addition to the U.S., Oodle operates in the U.K. and Canada, where it just announced a deal with Canwest. And it formally launched sites for India and Ireland just last week.