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Oversee.net Lays Off 13% of Staff

Company lays off staff after executive transitions

Los Angeles, CA domain name company Oversee.net has fired 13% of its workforce. The company just announced the layoffs with the following statement:

As part of its plan to address new growth opportunities, Oversee.net has realigned its work force resulting in a staff reduction of 13 percent. These moves, along with pending new hires, will allow the company to leverage core assets to innovate more effectively, improve competitive positioning and achieve growth.

This move comes just weeks after CEO Jeff Kupietzky left the company. Three other executives left in June.

Oversee.net fired 18% of its staff in early 2009, but has been hiring since.

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Tags: Domain Registrars, oversee.net