Dot Com News from Week of September 17, 2001

• 9/21/01 - Northwest Airlines said it will cut 10,000 jobs and reduce scheduled service by 20 percent, becoming the latest major carrier to announce sharp cutbacks after last week's terrorist attacks. The nation's No. 4 airline said 9,000 contract and 1,000 management employees will be affected.
• 9/21/01 - Storage giant EMC said it would cut more than 2,000 jobs this year and probably report a third-quarter loss as a technology spending recession widened. EMC said it would to cut its global work force to about 21,000 by year's end, from 23,400.
• 9/20/01 - HealthCentral, a leading provider of healthcare e-commerce and content, announced a reduction in its workforce of approximately 60 employees in order to reduce operating costs. The remaining employees total approximately 80 people.
• 9/20/01 - British Airways PLC said it will cut 7,000 jobs, or 13% of its work force, and reduce operations by 10% because of an expected slowdown in air travel following last week's terrorist attacks in the U.S.
• 9/20/01 - Internet consultancy Agency.com says it plans to reorganize its business by closing its Portland, Ore., offices and cutting about 19 percent of its work force, or 200 employees. The New York-based company--which provides businesses with advice on the interactive and digital realm, plans to restructure its operations and sharpen its focus on the most important areas of its business.
• 9/20/01 - Applied Materials, the largest maker of equipment used in the production of microchips, said it would cut 10 percent of its staff, after other measures proved insufficient to combat a global slump in the semiconductor industry. Applied Materials will take an unspecified charge on earnings in its fiscal fourth quarter for the actions, which include cuts of 2,000 positions worldwide. About 700 positions will be cut at its operations in California's Silicon Valley, and 500 positions will be cut at its Austin, Texas, plant.
• 9/20/01 - Verio Inc., facing increased pressure in its core Web-hosting business, is laying off about 750 people. The layoffs are part of a plan to restructure into several distinct business units and consolidate facilities.
• 9/19/01 - LSI Logic plans to lay off 8% of its global work force, or 600 employees. The semiconductor maker has 7,500 employees world-wide. The action, which will affect 260 workers in Santa Clara, is part of a decision made in April to consolidate the company's manufacturing operations and isn't due to deteriorating business conditions.
• 9/19/01 - United Airlines said 20,000 of its 98,000 employees will be laid off. American Airlines said it will slash at least 20,000 of its 138,000 jobs. Continental Airlines previously said it would furlough 12,000 workers. The cuts have been expected in light of last week's unprecedented grounding of the air-travel system and passengers' reluctance to return to the skies.
• 9/19/01 - 3Com reports wider first-quarter losses in line with Wall Street expectations and says it will cut 1,000 more jobs than expected.
• 9/18/01 - Boeing said it may be forced to lay off up to 30,000 people, or nearly 30% of its commercial-aircraft workers, in the largest single employment cutback stemming from the terrorist attacks.
• 9/18/01 - Honeywell scaled back its profit forecasts and said it will lay off 30% more workers than previously anticipated. Job cuts at the company will total 12,000 by the end of the year, up from about 8,200 the company disclosed previously. That amounts to nearly 10% of Honeywell's work force before the cutbacks started.
• 9/18/01 - In a cost-cutting move, WR Hambrecht has capped all employee salaries at $60,000, resulting in a cut in base pay for about 60 percent of employees. At the same time, the company plans to introduce a revenue sharing program to help compensate those affected by the cuts. The online financial services company said the move, which begins Oct. 1, is aimed at avoiding more layoffs. Two months ago, the San Francisco-based company cut 20 percent of its work force, or about 45 workers.
• 9/17/01 - AltaVista Co., the Internet search service, named James Barnett as its new chief executive, and said it plans to cut its work force by 160 or about 32%, of its approximately 500-person staff. Its work force will total about 340 after the cuts.