Some job cuts to come in Net mergers

 

latest developments

GeoCities may face serious job cuts following the closure of its merger with Yahoo, while CEO Tom Jermoluk says @Home won't lay off workers. "We're in a major hiring mode?There are absolutely no layoffs with this." - @Home CEO Tom Jermoluk

@Home: No layoffs after Excite deal done @Home's CEO Tom Jermoluk rules out layoffs following the close of the Excite deal and refutes published reports of his impending departure. Deep GeoCities cuts to follow Yahoo merger More than half of GeoCities' roughly 300 employees will be laid off once shareholders approve Yahoo's bid to acquire the company, sources said. @Home's Jermoluk files to sell shares @Home Network chief executive Thomas Jermoluk files to sell more than $16 million worth of stock in the high-speed Net access provider, according to regulatory documents.