X

Study sees more job cuts; Stamps.com latest to trim staff

Tough times for Internet companies are likely to continue as more job cuts are foreseen, a study says. Online postage company Stamps.com is the latest example, saying it will lay off about 240 employees.

CNET News staff
See full bio
CNET News staff
 
  latest developments 

Tough times for Internet companies are likely to continue as more job cuts are foreseen, according to a new study released Monday. Online postage company Stamps.com is the latest example, saying it will lay off about 240 employees.

 
Study: Dot-com job cuts continue to rise
Layoffs for the period from Sept. 25 through Oct. 20 rose to 5,677, a record for a single month and the fifth consecutive month of increases, according to a new study.

Stamps.com lays off 240 employees
update The layoffs come on the heels of the departure of the company's chief executive and the resignations of three other top officers.

NBCi president, other execs leaving portal company
update NBC Internet on Friday confirmed the resignation of Edmond Sanctis, president of the Internet portal company, and three other executives.

News Corp. cuts Web staff by 15 percent
News Digital Media, the online media division of News Corp., laid off about 15 percent of its news staff on Friday, becoming the latest in a string of Internet media properties to cut jobs.

Drugstore.com lays off 10 percent of staff
The online pharmacy, which is backed by Amazon.com, says the layoffs of about 60 workers are necessary to keep the company going.