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.
5/3/02
Genuity Inc. reported a first-quarter net loss of $257.5 million, or $1.13 a share, and said it will cut as many as 1,200 jobs, or about 29% of its work force.
5/2/02
UK cable operator Telewest has said it plans to cut 1,500 jobs in an effort to save up to £50m ($73m) over the next 12 months.
5/1/02
Ziff Davis's auditor raised doubt about the company's ability to continue as a going concern, citing its significant loss from operations and a default on its senior-credit facility.
5/1/02
Agile Software Corp., a supply chain software company, lowered its fiscal fourth-quarter revenue guidance and said it plans to lay off 15% of its work force.
4/30/02
Identix Inc., which is in the process of acquiring Visionics Corp., said the combined company will cut about 120 jobs, or roughly 20% of its work force, after the deal is complete.
4/29/02
DuPont will eliminate 2,000 jobs from its textiles and interiors business and close some operations as it prepares to separate the unit by the end of 2003.
4/25/02
Tyco International is scrapping a 3-month old plan to break the company into four parts, saying it was an ill-timed mistake. Instead, it said that it will close 24 factories and eliminate 7,100 jobs, primarily in electronics and telecommunications, and sell its CIT financial division in a public stock offering.4/25/02
Siemens cut 6,500 more jobs from its ailing telecom networks unit, but posted strong second-quarter profits and forecast a better year ahead as cost cuts kick in.
4/25/02
BroadVision announced plans to eliminate 300 employees, roughly 30 percent of its 970-employee workforce.
4/25/02
JDS Uniphase Corp. reported a $4.3 billion net loss for its fiscal third quarter, and said it would cut 2,000 more jobs, bringing its work force to 9,000, down from 29,000 early last year.
4/25/02
VeriSign Inc., which sells telephony, Web security and other Internet services, narrowed its loss for the first quarter on revenue that increased 54%, but the sales growth fell short of forecasts due to continued weakness in technology spending. The company also laid off 10% of its work force, or about 350 people, as it integrates acquisitions.
4/23/02
An additional 340 Sprint Corp. employees were laid off Monday, as the Overland Park telecommunications company continued a campaign to trim costs. The layoffs, including 95 in the Kansas City area, bring to 11,470 the total number of job cuts Sprint has announced since October. Of those, at least 3,862 were in the Kansas City area. The most recent round of layoffs hit Sprint' s Global Markets Group, which encompasses most of the struggling long-distance business. The jobs were in the network services department, where employees work on the company's long-distance fiber network.
4/23/02
Microsoft plans to lay off about 60 people and reorganize its ailing interactive-TV unit, as it shifts its focus to simpler "broadcast" services.
4/22/02
After weeks of trying to rework nearly $6 billion in debt, Williams Communications Group Inc. filed for Chapter 11 bankruptcy-court protection Monday night after striking a deal to distribute all its equity to its bondholders and former parent company Williams Cos.
4/22/02
Ericsson warned that it won't make a profit this year and said it plans to raise the equivalent of $3 billion through a share offering. The company also announced 10,000 job cuts this year and plans another 10,000 in 2003.4/22/02
Yahoo Inc. said that it restructured its auctions unit and cut some jobs in an attempt to eliminate duplicate positions. The Sunnyvale, Calif., company said it trimmed less than 40 jobs in the U.S. and Canada.