Update: 115 People Lose Their Jobs At Spot Runner, Weblistic Acquisition Is Washed Out
The layoffs at Spot Runner are a lot worse than we expected. Instead of 50 to 75 people, Spot Runner is cutting much deeper—eliminating 115 jobs. Co-founder and CEO Nick Grouf characterizes this as “under 30 percent” of the company’s total headcount (which he declines to specify, but must be at least 384 people). The majority of these cuts, he tells me, will come from the company’s local-search advertising business, which came out of the acquisition of Weblistic back in March.

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