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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (41367)	6/22/2000 9:19:00 AM
From: LLCF	Read Replies (1) \| Respond to of 42523

<WTF was that NYTimes article?> SAN FRANCISCO, June 21 -- Laura Schmidt took an Internet job 10 months ago packed with promise: a big raise, stocks she figured could some day be worth $5 million and the chance at early retirement. Unfortunately, her leisure time came way too soon. Three weeks ago, Ms. Schmidt received a pink slip from ThirdAge Media, a Web site for baby boomers, laid off in the Internet industry's first significant shakeout. As quickly and aggressively as they filled their cubicles last year, dozens of dot-coms across the country are unloading employees in an effort to meet a seemingly obvious goal heretofore put on indefinite hold: make a profit. The layoffs signal an end to the unbounded optimism of some dot-com employees who flocked to start-ups in hopes of developing sudden wealth, but who now say they are approaching new job offers with more caution. And the very stock market that once held the keys to new wealth may now be equally responsible not just for lowered expectations, but for lost jobs. etc, etc.... DAK