Oversee Cuts 10% Of Workforce

There have been some rumblings around the place regarding this matter, so I decided to contact Oversee directly. Here is the deal:

On the 15th of August, Oversee.Net told its staff that 10% would be cut across the board. It’s expected that up to 30 staff in total will go from middle level management downwards, across DomainSponsor, SnapNames and Moniker.

While general economic weakness has been cited as reasons for the cut – as an entrepreneur I can see that you need to shuffle the decks, especially post any merger of companies. So to me, this is just business as usual.

Once all the dust settles (especially around Snapnames), it would be good to see things getting back to normal.