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