10-02-2006, 10:17 PM
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#54 (permalink)
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Banned
Join Date: Oct 2006
Posts: 1
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Let's be realistic
Quote:
Originally Posted by starmarketbiz
Come on guys.... let's be realistic. I've heard from a good source that AzoogleAds is moving all of their operations to New York City. They are closing the TO office. They don't care anymore. After they got money from investors they ended firing the people that actually help built the company. Shame, shame on AzoogleAds for forgetting where they started.  |
LOL - Are you one of the 16 people they laid off? You might be right.
Money: The owners are trying to get as much money out of potential buyers as they possibly can. You can't fault them for that. New York is the media capital of the world and to a potential buyer, a home office in NYC is much more attractive than Markham, Ontario.
Cost cutting: I don't even know where Markham is, but I'm pretty sure that office space is 1/10th the price there as it is in Manhattan, so you can forget about the cost cutting nonsense. This is a smart business decision for the two owners. Instead of selling the company for 500 million dollars, they might double or triple that by assuming an American identity.
Having said that, it seems to be the Markham office that has brought this company to where they now stand, so I would assume that the individuals who lost their jobs were compensated accordingly, and been made aware of these moves well in advance. I would also assume that the have already been replaced, (and possibly even trained the people that will be taking over for them) as Azoogle cannot afford to leave any of their clients out to dry on this one.
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