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AOL’s Pittman Steps Down Amid Ad Sales Revelations

AOL might have structured ad revenue between 2000 and 2002 to makeits long-term profit picture appear rosier than it really was, according toThe Washington Post. In an article appearing in Thursday's Post, staffwriter Alec Klein wrote that AOL was under pressure to bolster its stockprice so as not to jeopardize its takeover of Time Warner, during a periodwhen its investors were concerned about softening advertising revenue...

U.S.: States Might Be Hindering E-Commerce

In a notice announcing the workshop, FTC staff cited research from the Progressive Policy Institute (PPI), which showed that while all the industries cited have seen growth in online sales, they might be prevented by state laws from reaching their full potential. Estimates that consumers are losing out on a potential $15 billion per year in savings came from the PPI as well...

The Best E-Commerce Jobs of 2002

"Directors of e-commerce and online marketing staffers ... are becoming the new e-rock stars, replacing the dot-com CEOs of yesteryear," Allen told the E-Commerce Times. On the low end of the scale, entry-level online marketers and creative directors are bringing home about U...

Report: Tech-Driven Productivity Costs Jobs

CGC said its survey of U.S. corporations found that the most productive industries top its list of companies that have made the largest staff cuts. While the economic slump is to blame for most layoffs, improvedproductivity, tied to several technological advancements, is a major contributing factor...

15,000 Job Cuts Ahead at HP

As IDC senior analyst Rob Rosenthal told the E-Commerce Times, "HP and Compaq were always very up-front that potential savings were going to come mainly from staff cuts, and the number they discussed was always high." But interpretation of the staff reductions could be mixed,...

Epinions: An E-Commerce Success That Almost Wasn’t

While the shopping information site, founded in 1999 by former Yahoo, Excite and Netscape executives and funded by some of the best-known investors in Silicon Valley, had attracted millions of repeat users, it was wholly dependent on advertising revenue. It had already laid off two-thirds of its staff, shrinking from nearly 100 workers to less than 40.

Nintendo Enters Price War with $50 GameCube Cut

Nintendo announced Monday that it is cutting the U.S. price of its GameCube gaming console to US$149.95, a 25 percent reduction from the original list price of $199. The reduced price will take effect Tuesday ...

Microsoft Judge Stakes Out Scope of Settlement

The U.S. District Court judge presiding over the Microsoft antitrust settlement posed several questions Wednesday about the extent of proposed penalties to be levied against the software giant ...

RealNames Closes, Cites Keyword: Microsoft

Although Teare claimed that his company had three quarters of growth, broke even in the first quarter of 2002 and saw its usage growing, it faced stiff competition from companies that provided a similar service. It also had been shedding employees over the last 18 months, eventually winnowing a 200-person staff down to 80...

EBay Gives Online Appraisals a Second Chance

"We also don't have to have a big staff, since it's all automated," Maloney told the E-Commerce Times. "The appraisal goes right from the customer through our site to the appraiser and back again. That represents a significant savings." Regardless of how the new venture works ...

Microsoft Reportedly Buying Navision for $1.2B

According to reports, Microsoft is expected to purchase Danish enterprise software company Navision for about US$1.2 billion ...

VeriSign Earnings Report Sends Shares Diving

To help dig itself out of the financial mire, Sclavos said VeriSign will initiate "a proactive restructuring" to integrate and realign company resources. As part of the move, VeriSign will consolidate its sales, marketing and administration staff, ultimately resulting in a 10 percent workforce reduction. The company will book charges of $70 million to $80 million because of the restructuring, including severance and lease and contract terminations...

Have E-Business Cost Cuts Gone Too Far?

"We do find that, historically, layoffs are not apermanent benefit to the company. It's a temporaryfix," Rozwell said. Specifically, companies tend tomandate layoffs across the board rather than cuttingback less-successful divisions and adding staff tothose expected to show future business growth...

Commerce One Lays Off 500 More as Sales Plummet

Commerce One said the latest round of layoffs will leave it with about 1,100 workers worldwide. Combined with a 50 percent staff reduction announced last October, the Pleasanton, California-based software firm's workforce is about one-third its year-ago size CEO Mark Hoffman s...

The Devious Traps of Web Comparison Shopping

Lemuel Dowdy, a senior staff attorney with the Federal Trade Commission, said consumers have a range of options -- starting with the old-fashioned Sunday newspaper -- and need not be hemmed in by the offerings of any single comparison site "They can cross-check the information...

Sultans of E-Commerce Security

Smaller companies round out this potentially lucrative field with different mixes of service offerings. Wheatman said he sees a growing trend toward commerce companies outsourcing the guardpost functions of intrusion detection and firewall monitoring, especially smaller businesses without the funds or staffing to provide their own 24-hour watches...

Microsoft President Quits in Surprise Move

According to Microsoft CEO Steve Ballmer, Belluzzowill step down as president May 1st but willstay on staff through September "to ensure a smoothtransition." ...

U.S. Steps Up Orbitz Monopoly Inquiry

Orbitz went live last summer behind a promotional blitz. The company soon reported traffic that exceeded expectations and said it would hire additional customer service staff to handle the surge. Late last year, Orbitz told the DOT that the site had improved the online travel sector by prompting existing firms to redouble their customer service efforts.

Oops! Your Web Site Is Out of Date

Recent staff reductions in the content and technology arenashave made it especially difficult to invest in sitemaintenance, according to Berk ...

Who’s Minding the Merger Minders?

Turns out the FTC staff was going to recommend to the figureheads who supposedly make the decisions that the whole thing just wasn't right, starting with a plan that called for NetRatings to loan cash to Jupiter and ending with the crux of the entire merger. What was so awful...

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