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Friday, November 4, 2016

Trouble in Paradise? Angie's List to layoff undisclosed number of employees!

Wednesday  night Fox 59 reported that the taxpayer funded racket Angie's List is going to be making some cutbacks in it's workforce.

Fox 59 said yesterday: 

Angie’s List isn’t being specific tonight on layoffs reported in Indianapolis on Wednesday.
Employees at its East Washington Street campus confirmed to FOX59 that layoffs did in fact take place, but there have been no details released from the company.
Angie's List has been subtly indicating that it would be looking for cost cuttings measures. Marketwatch reports stocks went up 3.5 percent Tuesday after the company publicized that it was putting itself up for sale and exploring strategic alternatives.
Third quarter net losses released Tuesday showed Angie’s List took a $16.8 million hit.
A company spokesperson issued this statement to FOX59 Wednesday afternoon:
As we covered on the earnings call yesterday, we're always looking to drive efficiencies and have identified another $15-$20m in savings. These are primarily workforce related and targeting non-revenue generating headcount.
 Those of you who follow INDY REPUBLICAN, Advance Indiana, and Ogden on Politics are familiar with Angie's List and it's underhanded way of doing business. Former Angie's List CEO & Co-Founder  Bill Oesterle has been a particularly frequent target for criticism by our staff, the now deceased Gary Welsh, Paul Ogden and Charlie White. Although we don't envy the 150 plus layoffs our sources tell us are coming at Angie's List. In a way it's only poetic justice that this Frankenstein monster that Oesterle and his cohorts have created is like the walls of Jericho is "a tumbling down"! Thank God for small favors! No wonder Bill went flying out of Angie's List like a bat out of hell last year! He is forever grateful to "Asskisser" Matt Tully and his minions in the media for not reporting on Billy's lack of business acumen. 

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