Tuesday, February 24, 2009

The Penton Experience: More Cuts

Today, Folio: reports that Penton has laid off more employees.

I've been there (literally and figuratively), having been laid off by Penton Media when it shuttered the U.S. edition of its Internet World print magazine, so my sympathies to those who just lost their jobs. When I worked there in 2000-2003, the company was public. Going through an economic crisis at a public company can be very brutal, for pretty much every quarter, the company has to offer up human sacrifices to show Wall Street that it Understands the Seriousness of the Situation. Now, Penton is a privately held company. I hope future quarters don't bring further bad news from there.

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