IAC's CityGrid, Parent Of CitySearch And Urbanspoon, Lays Off Two-Thirds Of Staff, As Local Ad Push Bites

TechCrunch has learned that CityGrid Media, the parent of local ad-based listings portals CitySearch, Urbanspoon and Insider Pages, is laying off two-thirds of its staff, or around 130 people. IAC, which owns CityGrid, confirmed the number to us and described the process as "streamlining." The layoffs are taking place amidst some other big shifts at CityGrid: Andrew Moers, president of another IAC subsidiary, Ask Partner Network, is taking over as CEO. This is, however, only a temporary move: Ron LaPierre, who has been acting CEO since April, is taking a leave of absence for family matters and is expected to return in August.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/o_4dctO739I/

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