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Online Marketing Agencies Are Hurting
from the as-online-spending-shrinks,-so-will-these-companies dept
Lot21 has laid off 25-30 employees this past week, cutting their staff from 150 in San Francisco. Lot21 has been the poster-child of successful online marketing agencies and has had marquee partners such as Bank of America, Sega and eBay. According to Lot21 they over-anticipated their needs for Q4. This one is simple math, as online companies scale back their Fall spending, this online marketing agencies have less business.
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