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
Recruiters are reporting that there are more aggressive mailers from job portals such as monsterindia.com for taking their services. Monster India has come up with a special package at over 33% off regular pricing.
The leading recruitment company, Naukri.com had its profit after tax growing at just 0.75% as compared to FY 07-08 (QoQ) in its financial results announced today. With the leading player feeling the heat, others are not far behind.
Smaller players are also not safe from the current slowdown. A vendor has informed that Careernet (www.careernet.co.in) has been evading calls for payments due in the last financial year. Like Yellojobs.com, Careernet's website fell in Alexa Rankings to 12,86,622 this week from an average of 5,00,000 for several months.
Hey Gautam, I don't think you have the complete story on Yellojobs. Techgoss has come up with an insider story on Yellojobs that explores how the company closed down. Although it has been an year since the closure happened, there's lesson for the many companies that start off every day in the IT field.
ReplyDeletehttp://www.techgoss.com/Story/305S11-Techgoss-exclusive--The-Yellojobs-inside-story.aspx