Online calendar company trims staff
eCal, which provides calendar features to companies such as the Go Network, lays off more than 10 percent of its staff to cut costs.
The company cut 25 jobs from its Philadelphia headquarters and another six positions from its satellite offices in New York, San Francisco and Los Angeles, company spokesman Joe Barrett said.
eCal, which provides calendar features to companies such as the Go Network, OpenMarket and Net2Phone, grew from less than 100 employees last year, to about 240 before the layoffs, Barrett said. With the drop in the market for Internet stocks, privately held eCal felt it needed to change its marketing strategy, he said.
"We're in a dynamic marketplace, and we will continue to adjust," Barrett said. "We will continue to do what we need to be successful."
eCal is just the latest in a growing line of Internet and technology companies to lay off workers. In recent days, Exp.com, Xpedior.com, Greenlight, Red Hat, DoubleClick and Etown.com have slashed their staffs.
None of eCal's executives was laid off, Barrett said. The company provided both severance packages and outplacement services for those who were let go.
Backed by Nokia and Reuters, Barrett said eCal has raised $40 million through four rounds of funding.