After I attended the Monster Customer Executive Forum in late May, I posted about Monster's plans to cut back on the work-from-home scams and interstitial ads that plague their site. Since attending, I had heard nothing about the plans and was begininning to doubt that the new team at Monster had the resolve to go to their investors and tell them that they would be cutting off these sources of revenue for the sake of the larger business.

On today's conference call (Joel put the relevant audio on his blog), Monster CEO Sal Iannuzzi made the official anouncement of the changes, which are long overdue and a welcome change from the short-term outlook that made Monster accept these ads in the first place.

On the negative side, Monster also announced 800 layoffs, or 15% of their total headcount, which has to be linked to their slowing growth rate.

Q3 2006 = 38% revenue growth
Q4 2006 = 33% revenue growth
Q1 2007 = 28% revenue growth
Q2 2007 = 20% revenue growth