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LONDON -- Downsizing continues across the international operations of online advertising broker DoubleClick. First, the company closed down offices in Latin America; then it announced it was withdrawing from the Australian market. The culling process is now underway across its European operations.

The company is making an unspecified number of jobs redundant and will try and relocate affected staff to other areas within the company where possible, confirms a company spokesman. No other details are being released at present.

A company statement said: "We are seeing a slowdown in online media spending across Europe, which is in direct proportion to the overall weak ad market. As a result, DoubleClick is making the necessary business changes throughout Europe in order to align headcount with a division that is expected to represent less than 15% of DoubleClick's overall revenue in 2001."

Copyright March 2001, Crain Communications Inc.

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