NetObjects, best known for its Web site design software, laid off 15 employees yesterday as the company streamlined operations by combining two divisions that focus on small and large businesses, a NetObjects representative said. The company has about 200 employees.
"This is a really a minor, little thing, not a major layoff," the NetObjects representative said. "We had a small-business division and an enterprise division, and we erased those lines. There were some redundancies."
NetObjects, which went public last year, has yet to post a quarterly profit. In April, the company reported a second-quarter loss of $4.3 million, or 15 cents per share, on revenues of $10.2 million. The company met Wall Street analysts' expectations, as polled by First Call/Thompson Financial.
NetObjects, partly owned by IBM, builds software that helps businesses create and manage their e-commerce Web sites. The company recently launched GoBizGo.com, a site that offers easy-to-use software to design Web sites online. IBM also bundles NetObjects' software as part of its e-commerce offerings to large businesses.
"Any reduction in staff is a result of our sharp focus on achieving our business objectives and our ability to leverage new organizational efficiencies," the NetObjects representative said in a statement.