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 April 14, 2003

4/23/03 Siebel Systems Inc. said it will trim 250 jobs by the end of June, following a dismal first quarter in which profits plunged 93 percent and revenue fell by a third. Although Siebel makes a practice of firing 5 percent of its staff every six months to eliminate weak performers and then hires replacements, this time it doesn't plan to fill the empty spots. 4/17/03 US Airways will lay off 890 flight attendants in May and June amid cost cuts and the drop in demand due to the war in Iraq. The cuts amount to 3% of the carrier's work force, which has been cut by 37% since the Sept. 11 attacks. 4/16/03 Tellabs swung to a wider-than-expected loss and announced plans to cut about 665 employees, as the telecom-gear company continues to cope with a tough economic environment. 4/15/03 Verizon notified employees in Washington [D.C.] and surrounding areas last week that it will buy out or lay off 665 employees by July. Verizon employs 30,700 people in the Potomac region, which includes Washington, Maryland, Virginia and West Virginia. Verizon will also cut 284 jobs in New Jersey, a result of a decline in business because of competition and a decrease in capital expenditures. 4/15/03 Leap Wireless, known for its low-price unlimited local wireless service, said that it and its subsidiaries filed for Chapter 11 bankruptcy protection after it was unable to pay back its debt. Leap, a spinoff of Qualcomm, said it was close to reaching an agreement with major creditors on a plan to restructure its debt. 4/14/03 Corning Inc. plans to stop production of cathode-ray tube glass used in conventional television sets sold in North America, resulting in the elimination of about 1,000 jobs and additional charges.

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