Cheezhead reports that Yellojobs (previous coverage here and here ) has now shut down office in India.
According to WebNewsWire.com, the site has not been updated for some time and the staff left after several months of not receiving a paycheck.
The company is a joint venture between Yello Pte Ltd, a Singapore-based online advertising company, and Contract Recruitment Ltd, a London recruitment company claiming a strong presence in India.
Yellojobs.com fell to 13,92,031 in last week of Alexa rankings from an average of 94,134 in the last three months.
Last August YelloJobs’ American division dissolved after Jim Newfrock, CEO, their VP of Business Development, Brad Wells, and COO Alex Conway left the company due to a clash of opinions.
Well the slowdown is going to have similar effect on many of the smaller job sites.
I wonder who's next?
According to WebNewsWire