As heard from the street..
>>MarchFirst wields layoff ax again
By Melanie Austria Farmer
Staff Writer, CNET News.com
January 5, 2001, 7:15 a.m. PT
Struggling Internet consulting company MarchFirst has started yet another round of layoffs.
Kelly Miller, a spokeswoman for the Chicago-based company, confirmed the layoffs Friday but declined to give further details, saying only that the layoffs were "ongoing this week."
The company is still working to reach a cost-cutting goal that it did not achieve with its first round of job cuts, Miller said.
In November, MarchFirst laid off approximately 1,000 employees, or about one-tenth of its work force, as part of an initiative to cut costs and streamline operations. Through the reduction, the company has said it plans to save approximately $100 million annually, beginning this year. At present, the company employs roughly 8,000 people worldwide.
Miller said she could not provide the total number of layoffs that are occurring this week because some employees are still being notified. "We will probably have some numbers early next week," she added.<< |
