Moster Posts Revenue Declines Amid Workforce Reduction

February 21, 2012 – Monster Worldwide, Inc./(NYSE:MWW) has posted revenues of $250 million for the fourth quarter, a two percent drop compared with $255 million in the comparable quarter last year. The company posted non-GAAP net income of $13 million, or $0.11 per share, compared to $7.1 million, or $0.06 per share in the fourth quarter 2010. Careers-North America revenue was $119 million, a decrease of five percent compared to non-GAAP Careers-North America revenue of $124 million the prior year. Careers-International revenue grew eight percent to $110 million compared with $102 million a year ago. Monster also announced a series of cost savings initiatives amid continuing global economic uncertainties that include a global workforce reduction of approximately 400 associates, or seven percent of its full-time staff, consolidation of certain office facilities, and continuing discretionary-spending and office and general expense controls. Sal Iannuzzi, chairman, president and CEO of Monster Worldwide, said: “Our focus in 2012 will be to further leverage our product leadership and global platform, and increase customer adoption. At the same time, we are taking difficult but necessary steps to implement cost savings initiatives that will provide us the flexibility to enhance our marketing and sales efforts to continue to improve long-term growth prospects and profitability.”

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