Corbis Laying-off 15 Percent of Staff

Corbis, widely believed to be the world’s 2nd largest stock licensing company, is cutting slightly more than 15% of its global headcount of 1075 in an effort to further streamline the business, according to media website About the Image. This round of cuts follows a similar lay-off last November which included 125 employees in order to “streamline its customer service operations,” and may be the result of redundancies created from the acquisition of Veer last year. According to Dan Perlet the Director of Communications at Corbis, the company has let approximately 50-75 employees go this week, including senior executives, and has notified the other employees whose jobs are being cut in the coming year. Perlet explained “We believe that restructuring our personnel gives us a better position to gain market-share in a competitive marketplace”.

Source: CEPIC