Off 10% of Staff — Name.com Lays

Domain registrar feels bite of sinking economy.

Domain name registrar Name.com has laid off 10% of its staff, as stated by a post on its firm blog. (Link to post removed since no longer active.)

Following growing last year, the firm started to cut back on costs in October. But the cuts were not enough. Name.com cites razor modest margins on domain names and intense competition, along with the faltering economy, for its woes.

Name.com states clients need not worry; these cuts will enable the firm to continue for the long haul:

We’re confident that we’ve done the right thing for the health of the firm but we’re sad to see members of our family off on their own during this tough economic time. As we move into what is likely to be one of the hardest economic periods our firm is likely to encounter we’re hopeful for the future while we keep a keen eye on the bottom line.

We’re not going anywhere. We’re in it for the long haul, but we’re all regarding letting you know what’s happening behind the orange facade of Name.com.

Name.com is the 27th largest ICANN-accredited registrar, as stated by RegistrarStats.com. It has regarding 575,000 domain names under management.

Another domain registrar that has recently cut staff is Tucows (AMEX: TCX)