Amid Pending Merger, Angie's List Trims Dozens of Jobs

Posted: Updated:
The company's headquarters is on the near-east side of Indianapolis. The company's headquarters is on the near-east side of Indianapolis.
INDIANAPOLIS -

Indianapolis-based Angie's List Inc. (Nasdaq: ANGI) has it has let go around 70 employees, mainly in sales. The move comes on the heels of the company's sale to the New York-based parent of HomeAdvisor, IAC (Nasdaq: IAC), which is still pending. Vice President of Investor and Media Relations Leslie Arena told Inside INdiana Business in an email the reductions are "driven by improved processes to meet the needs of our customers."

Angie's List has recently taken multiple additional steps to boost "operational effectiveness," Including a round of layoffs in November involving an unidentified number of workers and plans to exit from office space in the Landmark Center in downtown Indianapolis.

The deal between IAC and Angie's List calls for the newly-created company, ANGI Homeservices Inc., to maintain both the Angie's List and HomeAdvisor brands. Officials say it will maintain a presence in Indianapolis. HomeAdvisor's footprint in Indianapolis has continued to expand since it announced a new office downtown at the end of 2015. That location launched in February 2016.

In an earnings report last month, Angie's List announced first quarter net income of $2 million, compared to a net loss of $4.6 million during the same period a year ago. For 2016, Angie's List announced a loss of $7.9 million.

In its May earnings report, Chief Executive Officer Scott Durchslag touted progress of the pending HomeAdvisor merger and said Angie's List was making "great progress realizing the cost improvements we put in place at the end of last year." Angie's List has been targeting $20 million in savings through efficiency efforts.

  • Perspectives

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    • Purdue to Open Chick-Fil-A Amid Protests

      Citing overwhelming demand for Chick-fil-A’s food and services, Purdue University has announced it will allow the restaurant to open on campus. The university has been at the center of a debate over the Georgia-based food chain. 

    • (Provided Photo/ALOM Technologies)

      ALOM CEO: Indy 'One of Our Biggest Successes'

      The chief executive officer of California-based ALOM says in the two years since opening a fulfillment and distribution hub in Indianapolis, the facility has been one of the company's biggest successes. The supply chain management company this week cut the ribbon on its expanded 160,000-square-foot facility, which Hannah Kain says will lead to continued growth in Indy. When the project was first announced earlier this year, ALOM said it would increase employment by 25%.

    • Chatham Tap will open its third location on the campus of Butler University

      Butler Restaurant Void to be Filled

      Butler University has filled an empty restaurant space on campus, left vacant when Scotty’s Brewhouse closed in July. But it continues to look for a business to fill the former Metro Diner space which closed in March. The university says Chatham Tap will open a family-friendly eatery and pub in the former Scotty’s location, the third location in the Indianapolis area. 

    • Photo courtesy of Indianapolis Motor Speedway

      Red Bull to Discontinue Air Race World Championship

      The Red Bull Air Race at the Indianapolis Motor Speedway, originally scheduled for October, has been canceled as a result of Red Bull's decision to discontinue the Air Race World Championship following the 2019 season. The company says the races scheduled between June and September in Russia, Hungary and Japan will run as planned.