Breaking News: Pepperjam lays off employees, cuts management salaries 2:19 p.m.
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By Denise Allabaugh As a result of the bleak economy, 15 employees were laid off from Internet marketing agency Pepperjam in the Innovation Center in downtown Wilkes-Barre, president and CEO Kris Jones said today.
Most of the employees worked in marketing services. More than 15 senior management executives also agreed to temporary salary cuts in an effort to cut costs during the tough economic times, he said.
"We had to make decisions that were in the best interest of this company long-term," Jones said.
More than 85 percent of Pepperjam's clients are retail businesses. As retail sales continue to crumble, the effects have trickled down to Pepperjam, Jones said.
"Advertisers are looking for ways to cut costs and lower their budgets and as a result, we're now seeing that impact us as a business," he said. "We were in growth mode right through Dec. 31. We were still hiring people, but the reality is if you look at what happened in late 2008, especially to the retail sector as it affects our business, you see companies are looking for ways of reducing costs."
For the complete story, read tomorrow's edition of The Citizens' Voice.