Europe’s part in Monster’s woes

27 Jan 2012
by Christo Volschenk Yesterday Monster Worldwide lowered its projections for 1Q revenue and earnings and announced cost-saving measures, including the lay-off of about 400 employees worldwide (about 100 of them in the U.S.). Monster Worldwide CEO Sal Iannuzzi told Reuters the job market is unlikely to change “for the time being”. In response, the share price took a heavy knock (

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.