Monday, January 24, 2011

Business & Technology | New '.jobs' network may doom for-profits | Seattle Times Newspaper

An interesting case study in information value-add

A massive network of employment websites — where any company can list job openings for free — launched last week over the protests of newspapers and online recruitment companies, who fear billions of dollars in lost revenue.

The 40,000 sites, with Web addresses that all end in ".jobs," have the potential to upend companies such as Monster.com and CareerBuilder.com, which only a decade ago set up for-profit jobs classifieds online that roiled the media companies that printed the listings on paper. The initiative is being backed by nearly 600 industry titans such as Google, American Express, IBM, Northrop Grumman and Lockheed Martin.

Business & Technology | New '.jobs' network may doom for-profits | Seattle Times Newspaper

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