Feeds

The451.com wields job axe

Surprise, surprise

  • alert
  • submit to reddit

Internet Security Threat Report 2014

The451.com, the absurdly self-regarding paid-for IT news site, is reducing headcount by just over 20 per cent, taking staff down from 50 to 39, The Industry Standard reports.

The Durlacher-backed business is also wielding the axe on satellite offices in Hong Kong, Germany and Australia. But it's staying in the US, where it has offices in New York and San Francisco, and where it gets 60 per cent of its sales.

The451.com is seeking fresh finance, but Durlacher is not exactly in the best of positions to stump up cash -- the boutique investment bank is seeking to merge itself, according to press reports at the weekend.

The Industry Standard Europe cites press reports that one potential backer was put off by The451.com's supposed cash burn, an astonishing £200,000 a month.

We thought it was always an unlikely trick to pull off - getting enough companies to buy general IT news (as opposed to niche, drill-deep newsletters). The online IT publishing sector is, after all, an area drowning in good, free information. Besides, there is also a long-established incumbent in the paid-for sphere: Computerwire (from whence the founders of The451.com came). And how much money has that company ever made? ®

Related stories

Industry Standard article
Durlacher falls on Net Imperative collapse

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.