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After Lull, Dot-Com Layoffs Set Record in April

"We now see more and more of these Old Economy-New Economy hybrids cuttingtheir online staffs," Challenger said. "There were some brick-and-mortars who jumped moreheavily into the online space than others. They could support investmentsfrom traditional revenue streams, but many of those companies now seem to befinding that in the online world, the payback from their investments is notsufficient."

VA Linux Falls on Lowered Outlook

"We are progressing towards our previously stated staffing and spendingreduction goals," Augustin said. "These steps and our strong cash positionwill allow us to weather the current cycle, so we can capitalize onincreasing demand for Linux ... as the economy improves." VA Linu...

iMotors.com Runs Out of Gas

In January, Amazon.com-backed Greenlight.com sold its assets to CarsDirect.com and laid off most of its staff. One month later, Trilogy Software shuttered its CarOrder.com e-tail site. ...

Study: European Auto Sites Enjoy Traffic Surge

"The Internet is clearly an established source of information for car buyersin Europe," said Jupiter MMXI analyst Staffan Engdegard. "This is veryimportant from an advertising perspective." Jupiter MMXI said that the number of Europeans visiting auto-related sites morethan dou...

HotJobs Rises on News Corp. Alliance

HotJobs has also cut about 15 percent of its staff since the start of theyear, and expects a $2.5 million to $3 million charge to first-quarterearnings to cover costs associated with the layoffs Boylan, who had been the recruiting firm's chief operating officer, tookover as in...

Yahoo! Are You?

The plunge in fortunes has resulted in layoffs of 12 percent of the staff, as well as the high-profile executive departures For a company that has relied almost exclusively on advertising as a source of revenue, it appears that a clearly defined business model might be in orde...

E-Stamp To Merge with Learn2.com

The Internet postage business has failed to gain much interest fromconsumers and businesses. In February, E-Stamp reported a net loss of $112.8million, or $3.04 per share, for 2000. The company also let 45 employees go,staff cuts that came in addition to the 30 percent of its workforce laid off in November...

Luxury Site Ashford.com Warned by Nasdaq

Ashford, for its part, has placed a premium on service. When holiday sales were anticipated to test the limits of the staff, Ashford added workers. When customers were still smarting from 1999 delivery debacles, Ashford promised next-day delivery on most items. In addition, A...

Is Smiling Jeff the Weakest Link?

Wouldn't profit have come sooner if costs had not been allowed to skyrocket, if staffing had been properly controlled and employees more carefully trained? Did he really need the fulfillment centers the company is now doing without? Business acumen is largely about foresight...

Stamps.com Looks to Defy Naysayers

Thought by many to be destined for the dot-com graveyard last October when, in the course of two weeks, it lost its original chief executive officer and laid off nearly half of its staff, Stamps.com said that sales during the first quarter of 2001 grew 158 percent compared to the same period a year ago, to US$5.3 million.

Internet Wine Sellers Still Woozy on Web Fumes

The two companies apparently set out to outspend each other. Both hired massive staffs and threw money around. Then Wineshopper.com stumbled out of the game, blaming software woes for some of its problems. No matter what they say now, the fact remains that Wine.com and Winesh...

Buy.com Loses Two More Board Members

On February 28th, Buy.com announced that it was eliminating approximately 125 positions -- more than half of its 230-person staff -- in a bid to conserve cash. The company posted a net loss of US$133 million, or $1.04 per share, for the fiscal year ending in December, but pre...

MarchFirst Files for Bankruptcy

MarchFirst is not the only Internet consulting firm in trouble. San Francisco, California-based Internet consultancy Scient announced Wednesday that it would be laying off 675 employees, more than half its staff, during the current quarter and could cut up to 175 additional positions if business conditions do not improve...

Taming the E-Commerce Shrew

And if a particular e-tail company was successfully operating with 100 employees, why did a new company of the same ilk feel compelled to open with 200 staffers? ...

Network Appliance Falls on Lowered Outlook

The company said it is taking steps to cut costs, including reducing contract and temporary staff. "We are selectively hiring in sales and will continue our strategic investments in [research and development] to strengthen Network Appliance's position in the marketplace," War...

Cypress Up Despite Gloomy Outlook

In March, Cypress lowered its targets for the quarter because of changes toits business model and declines in orders and selling prices. The companysaid it was cutting capital spending and deferring merit-based salaryincreases, but would continue to hire technical staff to maintain its paceof developing new products...

Dot-Com Shakeout Chicken or Economic Downturn Egg?

However, in another close call on which came first, it may have taken the tumbling stock prices to force companies to address overcapacity and prune staff ...

Amazon Expects To Beat Q1 Forecast

Providing a welcome dose of good news amid a flurry of dire earnings forecasts, e-tail giant Amazon.com said Monday that it would post a narrower-than-expected loss for the first quarter due to surging electronic sales ...

U.S. Agency Says E-Commerce Is Fertile Ground for Fraud

In recent months, the FTC has held training seminars in seven U.S. cities, as well as Toronto, Canada and Paris, France. In addition to FTC staff, these sessions trained approximately 800 individual participants from other law enforcement agencies However, Stevenson testified ...

Unnamed Suitor Rings EMusic’s Bell

EMusic, which laid off about a third of its staff in January, also said that it expects to report revenues for the quarter ended March 31 of about $4.2 million. Preliminary figures indicate that music revenues grew from $1.7 million in the prior quarter to $2.2 million, EMus...

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