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The End Of CyberMedia Careers: Resume Database Acquired By TimesJobs

A surprising development, albeit sad: BSE listed CyberMedia has shut down its jobs portal CyberMedia Careers, reports Alootechie; the complete candidate database has been acquired by Timesjobs, a portal from BCCL owned Times Business Solutions. Sure enough, the domain where once CyberMedia Dice was hosted, now features a Timesjobs logo, and here's a note which verifies the transfer. User resumes have been shifted to TimesJobs. Grounded By The IT Crunch Or Just Didn't Take Off? Has there been a declining demand from the IT sector for jobs? For the past few quarters, we've been hearing analysts consistently question Info Edge (Naukri) about the impact of the slowdown in the IT sector (particularly due to exchange rate issues) on the job classifieds business. At the same time, while Naukri's dependency on IT for revenues has been slowly declining - 31% (Q2-08), 30% (Q3-08), 27% (Q1-09) - though overall IT revenues have been growing. So, frankly, going by the only publicly disclosed numbers in this space, there doesn't appear to have been much of an impact of a slowdown in the IT space. Perhaps there has been a greater impact on other job portals, or more of an impact on a vertical specific portal like CyberMedia Dice. The other possibility is that CyberMedia Dice simply did not take off - they reported significant losses in 2006-07, and had a registered database of only around 680,000 job-seekers after over 3 years in operation, compared to Info Edge, which has disclosed over 12 million…

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