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Nora Macaluso
Nortel Falls on Loss, Layoffs
04/20/01 11:04 AM PT | E-Commerce Times | 306 Words

The company has announced two rounds of layoffs so far this year.

"We continue to sharpen our focus and activities around the key markets of tomorrow, specifically the lowest cost intelligent optical networks, core IP networking and wireless Internet solutions for...

Michael Mahoney
Study: Dot-Com Layoffs Taper Off
02/28/01 5:00 PM PT | E-Commerce Times | 446 Words

Over the past three months, nearly 35,000 Internet workers have been let go -- 12 percent more layoffs than occurred in the preceding 12 months combined.

In January, a record 12,828 employees were laid off by their dot-com employers , but in...

Nora Macaluso
Layoffs, Downgrade Send Viant Lower
12/08/00 10:42 AM PT | E-Commerce Times | 259 Words

Viant Corp. (Nasdaq: VIAN) fell 1/8 to 4 1/8 Thursday after the company became the latest Internet consultant to announce layoffs and a restructuring to combat an industry slump. The Boston, Massachusetts-based consulting company said it will lay off 125 employees , taking...

Nora Macaluso
Net Incubator ICG Reports Wider Loss, Layoffs
11/09/00 12:00 AM PT | E-Commerce Times | 443 Words

The company said the layoffs would result in a charge of $25 million to $30 million (US$) in the fourth quarter, including $4 million to $5 million in cash.

With its partner companies suffering from weak demand for their services and their...

Nora Macaluso
Study: Layoffs Signal End for Dot-Coms
07/25/00 12:00 AM PT | E-Commerce Times | 354 Words

Internet retailers accounted for the bulk of the cuts, with 1,812 layoffs . Dot-com service companies followed, with 1,287 cuts; entertainment sites were next with 948; portals were responsible for 786 lost jobs; and health and fitness sites shed 671 jobs.


Paul A. Greenberg
E-Commerce Initiative Sparks British Airways Layoffs
02/03/00 12:00 AM PT | E-Commerce Times | 431 Words

The layoffs will shrink the current workforce by 12 percent, and the company is reserving comment on the possibility of further measures.

Industry analysts point to BA's plan to continually develop its online business as a motivation for it to trim its...

Andy Wang
Stock Watch: Layoffs Drag Amazon.com Down
01/31/00 12:00 AM PT | E-Commerce Times | 176 Words

While the layoffs themselves might not be a cause for anxiety among many investors, what should have investors a bit worried is the recent stock meltdown of many business-to-consumer companies. The most notable of this category is eToys, which closed Friday at an...

Lori Enos
Connecticut Sues Walker Digital
01/12/01 4:39 PM PT | E-Commerce Times | 746 Words

"Cutting edge technology does not give a company the right to cut jobs without proper notice to employees," Blumenthal said. "These layoffs clearly violate the spirit and letter of the law designed to protect workers and our economy from layoffs without any...

Elaine X. Grant
Have E-Business Cost Cuts Gone Too Far?
04/17/02 10:09 AM PT | E-Commerce Times | 613 Words

The Trouble with Layoffs

Another cost-cutting mistake has to do with layoffs . According to Challenger, Gray & Christmas, 146,461 Internet workers have been laid off since December 1999. While many of those job cuts were unavoidable because entire...

Clare Saliba
Tech Firm Job Cuts: Boon or Bust?
10/02/01 6:02 PM PT | E-Commerce Times | 946 Words

Although layoffs at online firms hit a 15-month low in September, outplacement firm Challenger, Gray & Christmas (CGC), which tracks industry-wide job cuts, estimates that dot-coms have handed out more than 90,000 pink slips this year. The figure for the nine-month period is...

Richard Adhikari
Microsoft Layoff Rumor Gets Mostly Good Vibes
07/15/14 4:25 PM PT | E-Commerce Times | 620 Words

... CEO Satya Nadella may launch a massive round of layoffs , possibly as early as this week. Some details are still being worked out, unidentified sources with knowledge of the company's plans told Bloomberg. Layoffs have been widely expected since Microsoft purchased...

Keith Regan
The Upside of Downsizing
10/22/02 10:37 AM PT | E-Commerce Times | 499 Words

... companies would be likely to admit it, and even fewer would be willing to talk about it publicly, but layoffs can have business benefits that go well beyond short-term cost savings. When done right, they can even help improve morale by reassuring...

Keith Regan
Tech Job Cuts Down in 2002
01/10/03 10:35 AM PT | E-Commerce Times | 421 Words

... high-tech workers lost their jobs in 2002 than in 2001 as layoffs declined 33 percent, according to outplacement firm Challenger, Gray and Christmas (CGC). Strikingly, CGC reported there were only 4,496 layoffs by e-commerce companies in 2002, compared with more than 56,000...

Dan Gebler
Dot-Com Workers Down, But Not Out
10/31/00 12:00 AM PT | E-Commerce Times | 816 Words

Mounting Layoffs

Last week, outplacement firm Challenger, Gray and Christmas, Inc. reported that layoffs among dot-com companies for the month of October had reached a record 5,677 -- an 18 percent increase from September -- bringing the tally of...

Rob Spiegel
Can Yahoo's Rumored Cuts Keep Its Goose From Getting Cooked?
12/14/10 12:43 PM PT | E-Commerce Times | 695 Words

Yahoo layoffs will be spread across the company with concentrations in the product group, according to anonymous sources cited in multiple reports. There is street speculation that private equity firms are exploring the possibility of buying the US$20 billion company. There have...

Renay San Miguel
Virtual Realty: The Online Real Estate Detente
12/08/08 4:00 AM PT | E-Commerce Times | 2185 Words

Redfin , Zillow and Market Leader (former HouseValues.com) have all gone public about how the slowdown has affected them; two of them went through painful layoffs in recent weeks. All of them are now refocusing their energies on new services that their top...

Keith Regan
Dot-Com Job Losses Spike in May
06/05/02 9:34 AM PT | E-Commerce Times | 451 Words

In May 2001, 13,419 jobs were slashed in the midst of a five-month stretch that represented the peak of dot-com layoffs to date.

"New Internet firms are still being started all the time, so these will be a source for both job...

Lori Enos
New Low for Dot-Com Workers
11/28/00 4:29 PM PT | E-Commerce Times | 526 Words

... the sixth month in a row, dot-com layoffs have reached record numbers, according to a report released Monday by outplacement firm Challenger, Gray & Christmas (CGC). The Chicago, Illinois-based firm said that during the month of November, 8,789 dot-com employees lost their...

Richard Adhikari
Cisco Delivers Good News, Bad News: Solid Earnings, Job Cuts
08/18/16 2:45 PM PT | E-Commerce Times | 638 Words

"The Cisco layoffs are about a re-skilling of the workforce," said Ray Wang, principal analyst at Constellation Research .

"A lot of automation is coming, and they do need to shed workers in order to bring on new skill sets," he...

Walaika Haskins
Transparency in Outsourcing, Part 2: Mum's the Word
04/07/09 4:00 AM PT | E-Commerce Times | 1292 Words

Part 2 will examine the laws governing the disclosure of layoffs and the state of the outsourcing market. As the ongoing global economic crisis continues to impact the technology sector, many employees who once thought their jobs were secure are being given pink...

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