Neteller announces job cuts: 220 in Calgary, others in London

by Lou on February 17, 2007

If you thought that Neteller’s customer service response time was going to the dogs in the days following their exit from the US market and the arrests of founders and former directors John David Lefebvre and Stephen Eric Lawrence, it’s likely to be even slower from now on.

Neteller reported that they cut 220 jobs in Calgary, Alberta, which is their primary processing center for calls originating from the United States. They are also considering selling or leasing some of their Calgary facilities in response to the decrease in its US-based business.

Neteller also announced on their website that 30 jobs in the U.K. will also be cut as part of a downsizing move.

This will leave Neteller with a worldwide staff of 425, down from more than 1,000 in 2006.

This is just another unfortunate outcome of the policies of the current administration’s putative free-market government. It’s time to leash -up that pit bull Department of Justice and allow the free market to work its magic for everyone, whether they’re in Antigua, London, the Isle of Man, Canada, or right here in the United States.

Comments on this entry are closed.

Previous post:

Next post: