Angie's List lays off 97 employees
A stock market and financial news blog posted today that the company was doing so.
The company said on its website that it had about 1,540 employees as of July 2013.
Mark Howell, COO of Angie's List, told Eyewitness News in a statement:
"It is extremely difficult to make a business decision that will have an impact on our colleagues and their families. This painful step is part of an overall plan to improve our sales productivity and performance and establish a new performance-based measurement system by which we will evaluate our sales teams.
"Our business remains sound and we are focused on continuing to make progress on our strategy. We expect to continue to add resources to our salesforce over time to support growth in both advertising and e-commerce revenue.
"This is a challenging time, but we have a strong and dedicated employee base that is committed to our continued success."