Internet

VeriSign slims mass-marketing unit

VeriSign, which operates the registry for Internet addresses that end with .com, .net and .org, has laid off 100 employees as part of its efforts to reorganize the company. The Mountain View, Calif.-based company said it now has 2,900 employees. Cheryl Regan, spokeswoman for VeriSign, said the laid-off employees had been in the mass-market division, which is "reorganizing and refocusing to be leaner and more efficient." She noted that VeriSign expects continued growth in 2002 and is continuing to hire companywide. The layoffs come as VeriSign moves to acquire other companies. Last week, VeriSign announced it would acquire H.O. Systems, a provider of billing and customer care services to wireless carriers. In addition, VeriSign said it purchased .tv Corp. International for $45 million in cash, taking over the .tv Web domain.

VeriSign, which operates the registry for Internet addresses that end with .com, .net and .org, has laid off 100 employees as part of its efforts to reorganize the company. The Mountain View, Calif.-based company said it now has 2,900 employees. Cheryl Regan, spokeswoman for VeriSign, said the laid-off employees had been in the mass-market division, which is "reorganizing and refocusing to be leaner and more efficient." She noted that VeriSign expects continued growth in 2002 and is continuing to hire companywide.

The layoffs come as VeriSign moves to acquire other companies. Last week, VeriSign announced it would acquire H.O. Systems, a provider of billing and customer care services to wireless carriers. In addition, VeriSign said it purchased .tv Corp. International for $45 million in cash, taking over the .tv Web domain.