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Hours after firing half its staff Wednesday, beleaguered e-tailer Buy.com (Nasdaq: BUYX) announced it had filed a US$45 million breach of contract lawsuit against golf's PGA Tour. Buy.com's suit, filed in a Los Angeles federal court, arises out of the golfing organization's d...
Beleaguered e-tailer Buy.com (Nasdaq: BUYX) announced Wednesday that it is eliminating approximately 125 positions -- more than half of its 230-person staff -- in a bid to conserve cash The Aliso Viejo, California-based company said the job cuts, and a plan to significantly re...
Coleman added: "Due to the economic climate that others areexperiencing, we were able to hire a record number of sales representativesand research and development staff last quarter, thus improving ourpotential for growth this year." According to Coleman, many companies in the...
Amid labor strife at well-known e-tailers Amazon.com and Webvan, another target of unionization in the dot-com world, consumer electronics site Etown, announced this week that it was laying off its entire staff of around 100 employees and closing down its Web site operations.
Meanwhile, the bigger dot-coms already have a better idea -- why not just simply hire consultants with proven track records to be part of the staff, rather than enlist consulting firms whose own track records are spotty? ...
The company recently announced plans to lay off 1,300 workers, or 15 percent of the total staff, as it closes a distribution center in Georgia and a customer service center in Washington Amazon has said that it expects to report an operating profit by the end of this year.
In January, Engage laid off half of its staff in a bid to cut costs. The company said it would integrate its businesses and operating units into a "single, cohesive organization," with an increased focus on software. The software division has higher grossmargins than the company's other businesses...
By comparison, Drugstore.com has not reached the breaking point that other Web merchants have. Despite staff layoffsand an executive departure last month, the Bellevue, Washington-based company reported a narrower-than-expected loss for the fourth quarter and said thatnet sales for the period topped sales figures for all of 1999...
The B2B shakeout in Europe has already claimed several victims, including fresh produce e-marketplace Worldoffruit.com. The company's Irish parent, Fyffes, announced last month that it was scaling back the e-marketplace's activities and cutting staff because of difficulties in finding additional funding...
Sprint willcontract from EarthLink a dedicated staff of Sprint wholesale productdevelopers, and will work with EarthLink to develop the Internet features itwants "The industry has evolved since we first joined forces, and we felt that weneeded to restructure our business relat...
Internet postage company Stamps.com (Nasdaq: STMP) announced Wednesday that it is cutting its workforce by 50 percent, or approximately 150 jobs ...
Online retailer eToys, Inc. (Nasdaq: ETYS) said Monday it will lay off its remaining employees and wind down operations by the beginning of April, effectively closing the door on the company's chance of survival ...
Last month eMusic announced that it would layoff one-third of its staff, about 66 workers, and let go three executives. eMusic chief executive officer Gene Hoffman said the cuts came after content site RollingStone.com saw a steep decline in ad sales, and in the face of what ...
Last month, Amazon reported a fourth-quarterloss that was smaller than expected, and said it would cut 15 percent ofits staff in a bid to cut costs Amazon reported an operating loss of 25 cents per share for the fourth quarter which ended December 31st, a penny better than an...
"The market for our services has changed dramatically, and we underestimatedthe magnitude of this shift," Dachis said in January. At the time, he saidthe company had "no plans to undergo any significant staff reductions." Razorfish shares are down from a 52-week high of $56.94...
Chemical firms will also begin to offer online design tools that facilitateproduct selection, said Forrester. When the "off-the-shelf formulations"do not do the trick, customers will be able to work with the manufacturer'stechnical design staff through streamlined development portals...
The company also said it cut 4 percent of the staff at its Web Connectiondivision in order to cut costs When Chinadotcom issued its third-quarter report last November, it warnedthat the fourth quarter might be difficult.
Hourly employees have been told they can cross out the non-disparagement clause in the agreement, which includes non-competition and confidentiality pledges. However, corporate staff still must sign the agreement in order to get a better severance deal The layoffs at Amazon, a...
Last month, eMusic laid off about a third of its staff, in a move that chief executive officer Gene Hoffman blamed on "the widespread illegal distribution of digital music." Hoffman's concerns were backed up by a study released in November by PC Data Online, which reported tha...
When Amazon laid off 1,300 staffers, or 15 percent of its workforce, onTuesday, the company said in a memo that those who signed a "nondisparagement" agreement would be eligible for an extra six weeks'pay, a lump-sum payment of US$500, and accelerated vesting of stockoptions that would have vested close to the time of termination...
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