AdOne/PowerAdz Announce Layoffs

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AdOne and PowerAdz, the online classifieds providers that recently announced a merger, said Tuesday that 20% of the combined staff will be laid off. The elimination of 27 jobs results from overlapping positions, according to a joint statement from the privately held companies.

Brendan Burns, co-CEO of the as-yet-unnamed new company, said the layoffs would not affect customer service to the newspapers that utilize PowerAdz and AdOne services.

The statement said some laid-off employees would leave the company on Thursday, while others would remain through the first quarter of next year during the merger process.

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