Rambler lay-offs

Russia's biggest web portals with three million daily users, is to lay off half its staff according to reports from Russia. The cuts are to come from non-core brands such as Rambler Telecom, Rambler-Foto and Rambler Vision and could affect as many as 255 staff. This is fallout from the Russian FAS anti-trust authority's decision to block Google's bid for contextual advertising firm Begun, in which Rambler has a 50.1 percent stake. Rambler would have received $70.1 million in cash if the deal went through.

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