E-commerce software maker NetObjects has laid off 8 percent of
its work force as part of a restructuring that combined two company
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
"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
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.