In October, Microsoft's MSN division decided not to renew a contract to license and host LookSmart's search results. The Web search company's financial outlook plummeted as a result. MSN accounted for 65 percent of LookSmart's "listings" revenue and all of its licensing business.
Web search company LookSmart plans to lay off half of its employees following the loss of its biggest client, Microsoft, according to a regulatory filing. The cuts will occur by the end of the company's fourth quarter, in December. Both U.S. and international employees will be affected. Other cost cutting will occur in LookSmart's sales, marketing and product development arms.
SponsoredWhite Papers, Webcasts, and Downloads
- Unlocking Hidden Value from Investments in SAP NetWeaver Business Warehouse IBM Find out how IBM Cognos 8 software and solutions can drive maximum value from your current investment in SAP NetWeaver Business Warehouse. Download Now
- Volume Activation Deployment Guide Microsoft Gain a better understanding of Microsoft Volume Activation deployment concepts for Windows 7 and Windows Server 2008 R2 operating systems. Download Now
- Enterprise social software IBM Corp. In June 2009, IBM sponsored an interactive webinar to explore the ... Download Now
Talkback
Premier Vendor Content Whitepapers, webcasts & resources from our Power Center Sponsors
White Papers, Webcasts, and Downloads
- Unlocking Hidden Value from Investments in SAP NetWeaver Business Warehouse IBM Find out how IBM Cognos 8 software and solutions can drive maximum value from your current investment in SAP NetWeaver Business Warehouse. Download Now
- Volume Activation Deployment Guide Microsoft Gain a better understanding of Microsoft Volume Activation deployment concepts for Windows 7 and Windows Server 2008 R2 operating systems. Download Now
- Enterprise social software IBM Corp. In June 2009, IBM sponsored an interactive webinar to explore the ... Download Now
SmartPlanet
- Thought-provoking progressive ideas on diverse topics that intersect with technology, business, and life, and matter to the world at large. Visit SmartPlanet
- More from IBM
-
- How to Drive Better Business Outcomes with Exceptional Web Experiences Download the eBook
- Driving Business Agility through SOA Connectivity & Integration Read the White Paper from IBM
- Linking Decisions and Information for Organizational Performance Read the Tom Davenport study
