Aug 17, 2007 at 8:28am ET by Barry Schwartz

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Fast Search & Transfer lets go of 148 employees from Pandia reports that Fast Search and Transfer will be letting 148 employees go this year.

The employees who are being fired are reportedly being compensated for the downsizing. Fast Search & Transfer have reportedly hired 400 employees in 2006 and 2007. The company’s CEO, John Markus Lervik, feels the downsizing will help the company improve their overall bottom-line.

About The Author: Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here. See more articles by Barry Schwartz

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http://www.abovetheflat.com JGar

Are these soon-to-be-fired’s SEO’s? If so, that sounds like a whole lot of future bloggers and entrepreneurs to me.
http://www.JohnWEllis.com John Ellis

“The company’s CEO, John Markus Lervik, feels the downsizing will help the company improve their overall bottom-line.”

Gee, you think? – I guess that’s what makes him CEO.

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