Monster Worldwide Slashes Spending

Goldman Sachs has published a research report for Monster Worldwide, Inc. (NYSE: MWW).

In the note, Goldman Sachs writes "The company said that it had cut spending on paid sites from $6 mn in 2007 to $2 mn in 2009 and that the number of applicants placed through AdeccoUSA.com via job boards dropped significantly from 2008 to 2009; for example, in 2008 65% of the applicants Adecco placed through AdeccoUSA.com were found through job boards, which compares with 20% in 2009."

Goldman Sachs maintains its Neutral rating for Monster Worldwide, Inc., which closed yesterday at $12.47.