Softonic to lay off half its workforce - report

Monday 27 October 2014 | 11:08 CET | News
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Spanish software download portal Softonic is planning a collective dismissal of half of its workforce to compensate for an unexpected fall in profits, reports Catalan daily La Vanguardia. The Spanish company was founded in 1997 and grew to become a global leader in its sector, generating revenues of EUR 52 million in 2012. It was also listed as the "Best place to work in Spain (100-250 employees)" in a 2011 study by the Great Place to Work Institute. However, falls in advertising will see revenues declining to EUR 38 million in 2014, according to the report, while recent changes by Google to

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Categories: Internet
Companies: Google
Countries: Spain
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