ChannelAdvisor Announces Restructuring
ChannelAdvisor has become a leader in ad channel management solutions and accomplishes this by integrating software and technology to help merchants maximize profits through various e-commerce marketing channels, such as eBay.com, Amazon.com, various comparison shopping engines, and search engines. A pretty good service if you want to outsource your data feed management.
ChannelAdvisor’s customers averaged 7% growth in sales in 2008. Despite showing growth, a 44% increase in revenue over 2007, they plan to “optimize” their team, as many other companies have been doing, to help fight through the economic downturn we are all feeling. They will be letting 19% of the workforce go. Severance packages will be offered to those losing their jobs.
Check out the press release for more details.
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