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PeoplePerHour.com in the press

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Redundant City workers turn to online freelancing


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Press Release: London, 25 September 2008 – Hard-hit businesses engage former City financiers to get help, reports online marketplace for services PeoplePerHour.com.

UK businesses large and small are using the internet to find newly-redundant City workers to advise on a range of issues relating to the current economic turmoil.

PeoplePerHour.com connects businesses with service providers. Businesses post projects for the site’s rapidly growing 10,000+ service providers to bid for. The site has reported a marked increase in the number of businesses posting requests for financial advice.

Furthermore, the number of people offering their services on the site on issues like bankruptcy, debt collection and general financial management has increased also, as newly-redundant City workers harness their experience and expertise to generate an income.

“In the current economic climate, we’re seeing many more of our users demand services like ‘bankruptcy legal advice’ and ‘liquidation consultancy’,” says PeoplePerHour.com founder and CEO Xenios Thrasyvoulou. “As demand for these services has grown, the recent spate of redundancies in the City has increased the supply of individuals who can provide expert freelance consultation on such issues.

“These redundant City workers are highly-qualified individuals often with extremely marketable skill sets,” comments Thrasyvoulou. “Now businesses can easily and cost-effectively tap-in to their expertise and experience through our website.”

For further information, images and interviews please contact:

Sami McCabe
m: +44 (0) 7789 777 440
t:   +44 (0) 20 8849 8180
e:  sami@forgelondon.com