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Tech Industry

Layoff storm not letting up

Internet consultancy Organic, online entertainment company Creative Planet and Internet keyword company RealNames cut staff or plan to make layoffs as the Internet shakeout wears on.

 

  latest developments 

Internet consultancy Organic, online entertainment company Creative Planet and keyword company RealNames cut staff or plan to make layoffs as the Internet shakeout wears on.

"When you have a (sour) market, layoffs are inevitable. You have too many bodies and not enough work."

- Tom Rodenhauser, industry analyst who heads Consulting Information Services

 


Organic to slash 270 jobs
update Organic plans to eliminate about 270 jobs and warns that fourth-quarter earnings will be lower than anticipated, making it the latest Web consultancy bodychecked by changing market conditions.

Creative Planet cuts staff despite funding
update The online entertainment supplier lays off 70 employees, just a few weeks after it secured $30 million in funding.

RealNames cuts staff, refocuses business strategy
The Internet keyword company will lay off one-third of its employees by the end of the year, a move it insists has nothing to do with the dot-com doldrums.

Bigstep.com lays off 20 percent of work force
The Web hosting company lets go 34 people in its San Francisco headquarters, the latest application service provider to suffer financial woes.

previous coverage
The week in review: Pink slips and parties
Layoffs, closures, collapsing stock prices and slumping morale may be torturing the tech sector, but that hasn't stopped some down-and-out tech workers from having a good time.

Scient cuts 460 jobs in restructuring
The Internet consulting company cuts about 460 jobs in a restructuring effort to lower costs.