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 11, 2002

3/14/02 Metawave Communications Corp., a provider of antenna systems for wireless applications, launched a restructuring program that includes work force reductions, the termination of a product line and the departure of its financial chief. Metawave will cut its total work force by 42%. 3/14/02 Tunable laser maker New Focus will shed a business unit, which will result in the closure of an overseas manufacturing facility and the loss of about 350 jobs. New Focus previously announced it will close its plant in Camarillo, Calif., by the third quarter of this year and cut 160 employees. 3/14/02 About 1,600 Microsoft Corp. employees in the San Francisco Bay Area will face a pay cut Aug. 1 as Microsoft slashes a special salary program put in place during the dot-com boom. In addition, as many as 168 workers on Microsoft's Mountain View campus may lose their jobs next month when the company officially shutters its Ultimate TV unit. 3/13/02 Internet portal operator Lycos Europe said it will eliminate 200 additional jobs as part of a second stage of restructuring designed to allow the company to break even in this year's fourth quarter. 3/13/02 FrontLine Capital Group today announced that HQ Global Workplaces (HQ), a majority-owned subsidiary of FrontLine, filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. 3/13/02 Privately held WINfirst, which planned to provide interactive television over fiber-optic cable in Los Angeles and other major U.S. cities, said it has filed for Chapter 11 bankruptcy after failing to raise the capital to build those costly networks. 3/12/02 Johnny Deep, whose file-sharing program Aimster.com came to symbolize the renegade spirit of the Internet, filed for personal bankruptcy, after spending months fighting the music industry in court. 3/12/02 NextCard transferred its portfolio servicing operations to the FDIC under a restated and amended service agreement. The online credit-card firm also said it laid off about 90% of its staff. 3/11/02 Avaya Inc., a spinoff of Lucent Technologies and suffering from the downturn in spending on telecommunications equipment, lowered its estimate for second-quarter revenue and said it is in the process of eliminating about 1,900 jobs, or about 8.3% of its work force, in a restructuring aimed at cutting costs.

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