With so much in the news about job cuts and closures of well-known dot com companies, we at SearchtheWeb.com thought we would track these companies and Internet related sites and provide you with updated short news announcements on their status.

Dot Com News from Week of March 4, 2002

3/8/02 Napster Inc. said it has laid off almost 10% of its work force to cut costs as the company works to launch a version of its music-sharing service. 3/8/02 Loudeye Technologies Inc. said it will slash its work force by 12%, in a bid to cut costs while continuing to digest recently acquired Activate.net. Several senior management posts, including the positions of president, chief operating officer, and general manager of Activate, will be eliminated. 3/8/02 Struggling telecommunications company Global Crossing Inc. announced additional moves to cut costs, including 1,600 new layoffs and salary cuts for company executives. 3/8/02 Kmart plans to close 284 stores and eliminate about 22,000 jobs, moves that will result in a charge of $1.1 billion to $1.3 billion, as part of the retailer's Chapter 11 restructuring. 3/6/02 Mission Critical Linux, which once hoped to lead a second, more mature generation of Linux companies, was forced to lay off 90 percent of its staff after unsuccessful attempts to attract a buyer. 3/6/02 National Steel filed for Chapter 11 bankruptcy protection. The company said it hopes to continue talks to be acquired by U.S. Steel. 3/4/02 Aether Systems Inc. said it will reduce its work force by about 25%, or about 225 positions, citing the economic downturn and the slower-than-expected adoption of some wireless-data technologies. 3/4/02 Verizon Communications Inc. said it will lay off another 10,000 employees, or 4% of its work force, making it the latest casualty in the shakeout going on in the telecommunications industry.

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