According to F***edStartups via our new friend LeadTwit Experian has laid off another 20+ people. Nothing new or exciting about the news and in fact much of the same old same old and very depressing for most.

Jay Weintraub posted some interesting commentary today that briefly touched on the depressed Internet ad budgets of companies today. The decreasing of ad spend for the finance industry started over a year ago and in hindsight was a precursor to all the industry layoffs and cutbacks. It doesn’t matter how resilient you think certain companies may be, they will be affected too. The mortgage industry is being pigeon holed by the strict loan guidelines and is effecting the marketing strategies that have been firmly planted in lead generation companies for years. The increased amount of unwanted and unsold inquiries are taking affect on the size of each company.

It is my thought that these larger companies with less ability to be flexible are the companies that are being hardest hit.

Its too bad, really.

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