Dot Com News from Week of February 5, 2001

• 2/9/01 - Cooking.com, said today it will eliminate 36 jobs, representing about 20% of its workforce, as part of an accelerated program to achieve profitability.
• 2/9/01 - Business.com, a directory and search engine focused exclusively on business, let go 37 workers, or 25 percent of the company's workforce. The company said the job cuts were necessary to ensure the company meets its profitability goals.
• 2/8/01 - Internet Underground Music Archive (IUMA), a Web site devoted to the music of thousands of emerging artists, is nearly broke. IUMA has cut its entire staff and is no longer taking in new artists.
• 2/8/01 - Motley Fool, a provider of investment and personal finance advice, has let go 115 workers (one third of its work force) for corporate restructuring. The restructuring includes the shutdown of Soapbox.com, a personal finance and investment site run by the Fool.
• 2/7/01 - Icebox.com, a Web animation start-up, said that it will close its doors by the end of the week unless it lines up new financing.
• 2/7/01 - Amplified, who sells services such as digital rights management, Web hosting, streaming and digital downloads to record labels, entertainment companies and online retailers, said that it has reduced its headcount from 80 to 40 staff members as a result of its acquisition of OneBigCD.com and Checkout.com.
• 2/7/01 - eCountries.com, a global news-analysis site, told its employees today that its Venture Capitalists had pulled the plug on their funding, and as a result the site would be closed down by evening. The company told employees they are unlikely to receive severance pay, or salaries since their last pay checks on Jan. 26. Before it can pay its employees, the company must meet tax obligations to the U.K. government.
• 2/7/01 - Stamps.com cut its work force in half, letting go 150 employees in a second round of big reductions aimed at pushing the Internet mailing and shipping services company into the black. Last October, Stamps.com cut 240 jobs, or about 40% of its staff.
• 2/7/01 - Barnes & Noble.com, an online bookseller, reported a wider-than-expected operating loss for the fourth quarter and said it would cut 350 jobs, or about 16% of its work force.
• 2/6/01 - Voter.com is shutting down, a victim of the end of the presidential political season and market conditions.
• 2/6/01 - Vivendi Universal subsidiary Flipside.com said it plans to acquire online-gaming rival Uproar in a deal worth about $140 million.
• 2/6/01 - CacheFlow, a strong player in the field of Web content acceleration and management, reported a wider-than-expected quarterly loss and said it would cut about 10% to 15% of its work force to offset falling revenue.
• 2/6/01 - Cnet Networks Inc., a global source of technology and commerce-related information, said its profit excluding charges was in line with analysts' forecasts. The Company warned that slowing market conditions will hurt earnings this year. Thus, the Company will cut its global work force of 1,900 by about 10%.
• 2/5/01 - InfoSpace, a global provider of Internet infrastructure services, announced a 21 percent cut in its work force or about 250 of its 1,200 global work force, as the company struggles to align its falling revenues with expenses.
• 2/5/01 - American Greetings Corp. said its online unit will acquire it competitor Egreetings Network Inc. American Greetings announced it would miss analysts' estimates and take a charge as the firm struggles to restructure in a tougher marketplace.
• 2/5/01 - Web consultant Razorfish Inc. said it will reduce its staff by 400 employees - 21 percent of its workforce - as part of a plan to save $70 million in 2001.
• 2/5/01 - iVillage, the Women's Network, said Monday it will acquire rival Women.com in a move that will result in the largest women-targeted site on the Web.
• 2/5/01 - eToys, the struggling toy e-tailer, will likely be going out of business in early April and has issued layoff notices to its remaining 293 employees.
• 2/5/01 - NaviSite, Inc., a leading managed application hosting provider, announced plans to lower its operating costs. The Company is reducing its staff by 44 people, which represents about 7% of its workforce, by centralizing product development functions, closing two regional sales offices where productivity was below target levels, and is lowering a number of other operating expenses to gain further efficiencies.