Red Ventures, a marketing company based near my hometown of Charlotte, just closed on its purchase of Bankrate, the umbrella for CreditCards.com, ThePointsGuy.com, and other similar businesses. But there’s bad news for the acquirees:
Sources tell The American Genius that Red Ventures’ first move today was layoffs.
We’ve reached out to Red Ventures and Bankrate’s brands for comment, so far confirming that CreditCards.com staff in Austin were surprised this morning with 34 to 37 pink slips, wiping out the executive team, some developers, and most of the social media team.
With this new acquisition, Red Ventures now has nearly 4,000 employees (375+ from Bankrate), and their slick recruiting videos shows happy team members jumping out of planes, bowling, and working with smiles.
I don’t know for certain that Points Guy staffers are being laid off but that’s the way I’d bet. Anyone heard anything? Best wishes to all those affected–getting laid off stinks, unless they give you a nice severance package, in which case getting laid off can be a pretty sweet deal.
TPG is hiring as fast as they can right now. This article is horribly false.
Who knew Creditcards.com had that many people employed, let alone able to be laid off? Always figured it was a couple of guys coding in their underwear in their mom’s garage, since the site looks so lame.
This is a total click bait headline, there is zero news about layoffs at The Points Guy–just speculation that there might be (which your headline does not convey).
Never coming back
Wait, are people actually taking time out of their day to defend the “integrity” of TPG. The end of the world is near.
I’m cracking up at these people who clearly are humor deficit. And, as noted, defended TPG? Like that opportunist needs it!
I get TPG pictures on one of my newspaper web sites on my phone. He sits on a yacht sipping wine, just got off a train, looks at a mountain, sits in first class on a plane and such. Makes me want to get a new CC so I’m like him.
Com back with some real news when you have real news. Clickbait
Nice little troll, the haters are out in force!
Thanks for the heads up. I’d think that the brand makes some money and would at least sell it back to him?
Maybe the title should have a question mark. Or say something like “Layoffs at Company Thtat Publishes The Points Guy”
What is the point of this article? It’s unsubstantiated yet the headline makes it sounds like it’s a fact. Please remove this; you’re embarrassing yourselves!
Shameful clickbait. Sad blog.
Aw man, this is bad.
Really needed a few extra clicks today eh? I don’t even know why I still stop by this blog.