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Although only a quarter of MVP.com's original staff remains to maintain the site and fulfill customer orders, Davis said that reports of MVP.com shutting its doors are untrue. In addition, Davis stated that the company is continuing to offer its full line of product categories...
Kush also said that the company will maintain 40 of the 100 temporary positions and is offering those jobs as full-time positions to some ofthe staffers who were terminated. "We're very confident that we'll be able topull down [the 230 job cuts] to 190," said Kush....
In addition to eToys and CyberSource, layoffs were announced at online job site Vault.com, which let go a third of its workforce, and Internet music search engine Listen.com, which cut 25 percent of its staff. Meanwhile, buy-by-group site Mercata announced Thursday that it is...
The company also announced additional layoffs, saying it will cut 30 percentof its staff, rather than the 10 percent originally announced. The job cuts,along with other cost reductions, will save about $10 million each quarterbeginning with the first quarter of this year, the company said...
Added Horowitz, "While these factors contributed to lower sales, we were able to conservecash and improve our gross margin. In addition, as ourcompany moved out of the development phase to an ongoing operation, werestructured and reduced ourstaffing requirements." Horowitz als...
"Retailers must recognize their delivery limitations early, and inventorymanagers must work with customer service staff to set appropriateexpectations," the report said ...
Razorfish, which adopted what it called a "performanceimprovement plan" in October, has "no plans to undergo any significant staffreductions," according to Dachis "We believe in our employees and our ability to weather this transition," he said....
The new company will exist as an independent entity in facilities at Bell & Howell's Richfield, Ohio headquarters. Although the new venture will eventually have a full-time staff "independent of the four companies," it will initially be staffed primarily with Bell & Howell personnel.
Additionally, San Diego, California-based Petco does not plan to relocate Petopia from its San Francisco, California headquarters. However, according to published reports, the majority of Petopia's staff, including its chief executive officer Andrea Reisman, will be let go ...
Some companies have closed gradually, laying off staff and leaving a few workers to wind downoperations and fill existing orders. In Babygear's case, however, customersare left to fend for themselves "We understand this experience is frustrating," the company said in themessag...
Lante Corp. (Nasdaq: LNTE) picked up 3/32to 1 15/16 early Tuesday after the Internet consulting services company said it will close two Asian offices, cut staff, and take a charge to earnings as part of a plan to "reposition" its business and save money The Chicago, Illinois-b...
The job cuts will affect consultants, as well as administrative and supportstaff, the company said. Charges for the layoffs and for other costs,including goodwill related to prior acquisitions, will be recorded in thefourth quarter Chief financial officer Thomas Werner said th...
Union representatives questioned the company's motives and the timing of the staff cuts "We find this highly suspicious," said Bill Wyland, organizer for theNewspaper Guild-Communications Workers of America, which is assisting Etown employees with their union effort....
NaviSite reported a 455 percent year-over-year increase in revenue for thelatest fiscal quarter, as well as a smaller-than-expected loss. The companysaid investments in technology and staff have resulted in two new customer data centers being opened during the quarter Over the...
Even Priceline has not been immune to Walker's woes. The company has been hit with a string of setbacks in the last several months, including the resignation of its high profile chief financial officer Heidi Miller, the layoff of 16 percent of its staff, and the loss of its membership in the Connecticut Better Business Bureau.
Stamps.com, also in a cost-cutting mode, recently announced a 40 percent reduction in staff and a cut in sales and marketing spending The value of E-Stamp shares more than doubled after the news was announced early Monday, improving 11/32 to 5/8. The shares, which traded abov...
Additionally, a survey released Wednesday by ePublicEye.com found that 10 percent of the 1,390 e-tailers surveyed plan to add more staff to help with the expected online holiday shopping rush At least some of the sites cited for delivery problems last year are now urging cons...
A minimal staff will be kept on hand to "ensure an orderly liquidation of assets," the company said, and customers who placed orders prior to the closing will have their transactions completed if the items are in stock. Beautyjungle had to share the closure spotlight Wednesda...
Amazon-backed companies Living.com and Pets.com folded in August and November, respectively. Other Amazon-backed companies experiencing problems include Gear.com, which laid off 30 percent of its workforce and announced a restructuring in September, and Drugstore.com, which laid off 10 percent of its staff in October.
Quepasa.com (Nasdaq: PASA) fell 3/32 to 9/32 Tuesday after the company, which operates an online community for U.S. Hispanics, said it cut its staff to 20 from 58 Quepasa said earlier this year it was looking for a buyer or another way to raise cash. Now, the company said, it ...
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