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GeezerVison is showing www.wsj.com — The Wall Street Journal at WSJ.com
Source: the companies, WSJ.com research Write to Timothy Hanrahan at [email protected] Consumer E-Commerce Company Name Status Action AdMart Online grocery and delivery serviceClosely held; backed by Hong Kong tycoon Jimmy LaiIn December 2000, announced plans to shut down, lay off 334 employees Amazon.com Online retailerPublic In January 2000, laid off about 150 employees, or 2% of work force; In January 2001, said it planned to cut 1,300 jobs, or 15% of its work force ArtNet.com Art sellerClosely heldIn November 2000, laid off 17% of its work force and cut back operations Auctions.com Online auctioneer Unit of closely held Classified Ventures Ceased operations in August 2000; Layoffs not disclosed Autoweb.com Online auto sellerPublicSaid it November 2000 it will lay off 25% of its work force Barnes & Noble.com Online book sellerPublicSaid it February 2001 that it will cut 350 jobs, or about 16% of its work force Beautyjungle.com Cosmetics seller Closely held Laid off 40 workers, or 60% of work force, in October 2000; shut down in November Bigwords.com Online textbook seller Closely held Closed down in October 2000; laid off 100 Bluelight.com RetailerSan FranciscoUnit of Kmart Fired 73 employees in third quarter of 2001; says overall cuts and outsourcing will reduce operating expenses by 80% in 2002 from 2001 levels Boo.com Clothing retailer Brand name was acquired by Fashionmall; technology bought by Bright Station Entered liquidation in May; laid off most of 370 employees at the time; Fashionmall relaunched site in October 2000 Boxman Music retailer Closely held Shut down in October 2000, laid off its 120 employees Buy.com RetailerAliso Viejo, Calif.Public Laid off 25 employees in February 2001 as it refocused on core categories and shut Canada site; in March 2001, announced it will eliminate about 125 jobs from its headquarters and close its online sports store CarOrder.com Online auto seller Unit of Trilogy Development Suspended operations in August; laid off 100 of remaining 140 workers Chipshot.com Golf-gear seller Closely heldIn October 2000, filed for Chapter 11 bankruptcy-court protection. In November, Eco Associates purchased assets for undisclosed amount Clickmango U.K. health site Closely held; backed by TV star Joanna Lumley Site shut down in September 2000, putting about 20 employees out of work Computer.com Retailer Defunct In January 2001, assets were acquired by 4Sure.com Cooking.com Recipes and cookwareClosely held In February 2001, laid off 36 people, or 20% of its work force Cozone.com Computer retailer Unit of CompUSA Shut down in March 2000 Cyberhomes Online real-estate seller Closely held Shut down in November 2000 Drugstore.com Retailer Public; stock trades under $3, down from high of $55 in DecemberIn October 2000, laid off 60 employees, or 10% of work force Egreetings.com Web retailer Public; in February 2001 agreed to be acquired by AmericanGreetings.com In October 2000, said it plans to cut 60 jobs, or 34% of work force Emusic.com Music download site Public Laid off 20% of work force, or about 40 employees, in June 2000; cut another 36% of its work force, or 66 jobs, in January 2001 eToys Online retailerPublicIn January 2001 said it would lay off 700, or about 70% of its work force, following disappointing holiday sales; in February 2001, said it would let go remaining 293 employees by April; later in February said it would file for bankruptcy protection Etown.com Electronics retailer Assets acquired by Best Buy in February 2001 In February 2001, laid off all 100 employees Eve.com Cosmetics retailer Closely held In October 2000, announced it will shut down and let go almost all 164 employees Fogdog.comSporting goods retailer Acquired by Global Sports in October 2000 for about $40 million in stock With the purchase, 125 jobs out of 150 were planned to be cut Food.com Online ordering, content Closely held, backed by heavyweights McDonald's, Kraft, TV Guide and Blockbuster In September 2000, cut staff by 100, or 50%; laid off two senior executives Foodline.com Restaurant reservations provider Closely heldIn August 2000, cut staff by about 54; in December 2000, filed for Chapter 7 bankruptcy Garden.com Went public in September 1999; now trades under $1 Slashed work force by 93 people, or 30%, in September; in November, said it will close retail operations, laying off 153 workers Gear.com Backed by Amazon.com, Gear is now a unit of Overstock.com In September, firm lays off 22; in October, firm was bought by Overstock, which hires 45 remaining employees ICanBuy.com Children's site Closely held In November 2000, closed down, eliminating 35 jobs iMotors Used-car sellerClosely held In March 2001, cut work force by 30%. In April 2001, said it was shutting down. Kozmo.com Delivery service Closely held; Amazon holds a minority stake pulled IPO in August 2000 Cut 24 jobs in June, then slashed 275 jobs, or 10% of total, in August 2000, then another 40 later in the month. In January 2001, closed Houston, San Diego operations, laying off 120. In February 2001, cut another 60 employees; ceased operations in April 2001 Living.com Furniture retailer Closely held; partner of Amazon.com and Starbucks In August 2000, filed for Chapter 7 bankruptcy and laid off 275 employees Mall.com Retail hub Closely held Cut 20 jobs, or 35% of staff, in August Mercata Group buying service Closely held In January 2001 said it plans to close resulting in the elimination of 100 jobs Miadora Online jeweler Closely held Closed site in September, laying off almost all 77 workers More.com Online pharmacy Closely held Cut staff by 30% in October, follows 20% reduction in June Mothernature.com Vitamin sellerFormerly public Board voted in November 2000 to shut down and distribute remaing cash to shareholders MyPoints.com Online marketing Public; merged with Cybergold in 2000 Cut 120 jobs in October 2000 in wake of Cybergold purchase Onvia Small-business hub Public In September 2000, cut 85 positions, or about 16% of work force Petopia Pet-supplies retailer Defunct; assets acquired by partner Petco Laid off 120 employees, or 60% of its work force, in October; assets were acquired by Petco in December 2000 Pets.com Pet-supplies retailer PublicIn November 2000,said it will shut down and laid off about 255 of its 320 employees PlanetRx.com Public Set plans to cut as much as 15% of work force, or up to 50 jobs, and move to Memphis, Tenn., from Calif. Priceline.com Inc. Name-your-own-price retailer PublicSet plans in November 2000 to lay off 87 of its 535 employees; in December said it would cut another 48 jobs and postpone new services Priceline WebHouse Gas, grocery site Closely held affiliate of Priceline.com Said in October it will close operations, putting 375 out of work Productopia Buying guide Closely held Closed down in October, putting about 70 people out of work Reel.com Movie retailer Unit of Hollywood Entertainment Laid off all 150 employees in June 2000, referred buyers to Buy.com Stamps.com Online postage Public; trades under $5 a share; CEO and CFO resigned in October Cut about 240 jobs in October, or about 40% of the total Streamline.com Grocery serviceWent public in June 1999 at $10 a share; has traded below $1 since mid-AugustShut down in November Toysmart Controlled by Disney Site shut down in May; firm filed for Chapter 11 in June Urbanfetch.com Delivery service Closely held; stopped delivering movies in September and exited consumer market entirely in October 2000 Made substantial, undisclosed cuts of 400-strong New York staff; cut all 60 jobs in London Value America Retailer In October 2000, signed letter of intent to sell most assets to Merisel Filed for Chapter 11 in August; laid off 185 employees WebMD Health site Public; formed by merger of Healtheon, WebMD, CareInsite, others Announced plans in September to cut 1,100 jobs; co-CEO Arnold resigned in October Webvan Group Online grocery providerPublic Cut staff in April 2001 by about 30%, or 885 employees. Also closed operations in Sacramento, Calif. and Atlanta, the latest in a series of shutdowns; in July 2001, announced plans to close all remaining operations and terminate 2,000 employees Wine.com Wine seller Closely held Announced 75 layoffs in January 2001 as part of integration with Wineshopper.com; laid off 160 out of its remaining 245 employees in April 2001; was acquired by eVineyards later that month Youbet.com Online horse racingClosely held Laid off 34 employees, or 29% of staff, in November YourGrocer.com Grocery serviceClosely heldEnded service in November 2001Consulting Company Name Status Action Agency.com Internet consultantNew YorkPublic In December 2000, laid off about 190 employees; in May 2001, laid off another 350, or 25%; in Sept. 2001, said it will cut another 19%, or 200 employees Concrete Inc. Internet consulting firmClosely held In January 2001, laid off 30 employees, or 30% of its work force Ebeon E-business consultingClosely heldClosed down in January 2001, cutting 180 employees Fort Point Partners Internet consulting firmClosely held In January 2001, laid off 49 employees, or 15% of its work force Framfab Web consultingPublic (trades in Stockholm)In November 2000, slashed 340 jobs, or about 12% of its work force, and shut down three units Icon Medialab Web consultant Public (trades in Stockholm) In December 2000, cut 100 jobs in London and Copenhagen iXL Enterprises Web consulting firm Public Eliminated 350 positions in September 2000 Lante Internet consultingPublic Reduced staff by 44 full-time and 21 part-time positions in December 2000; in June 2001, cut work force by 22% MarchFirst Web ConsultingPublic In November 2000 slashed 10% of its work force, or 1,000 employees; in April 2001 filed for Chapter 11 bankruptcy protection after selling some assets and further slashing its work force Organic Web consultingPublic In December 2000, said it would cut 270 jobs, or 25% of its work force; in July 2001, cut another 80 jobs Proxicom E-business consultantPublic Announced plans in March 2001 to cut 227 jobs, or 19% of its work force Rare Medium Web consultant Public Laid off undisclosed number of employees in February 2001 Razorfish Web consultingPublic In February 2001, said it would cut 400 jobs, or about one-quarter of its work force Sapient Internet consultantPublicSaid in March 2001 it will cut its work force by 720 people, or about 20%. Scient Web consultingPublicIn December set plans to cut 25% of its work force, or 460 positions Viant Internet consultantPublic In December 2000, said it will cut its work force by 125 employees, and close its Dallas office Worldwide Xceed Group E-business consultant PublicSaid in September 2000 that it will cut 75 jobs, or 12% of work force; in April 2001, filed for Chapter 11 Xpedior Web consulting firm Public; 80% owned by PSINet, which is looking to sell the stakeIn September 2000, cut 270 jobs, including 200 consultants; In December 2000, announced 380 more layoffs; in March 2001, laid off another 300, or 42%; in April 2001, filed for Chapter 11 bankruptcy protectionContent/Publishing/Portals Company Name Status Action AltaVista Search enginePalo Alto, Calif.Unit of CMGI Set plans in mid-September 2000 to lay off 200, or about one-quarter of staff; In January 2001, set plans to cut another 200 workers; in Sept. 2001, cut 160 people, or about 32%, of its remaining 500-person staff Asia Online Internet services Closely held Said in November 2000 it will lay off 56 employees, or about 6% of work force Ask Jeeves Search servicePublicSaid in December 2000 it will cut 180 full-time jobs, or 25% of its work force Barnes & Noble.com Book sellerPublicSaid in February 2000 it will cut its work force by 16%, or about 350 full-time positions Britannica.com Online encyclopedia Online arm of Encyclopaedia Britannica Laid off 75 employees, or about 25% of work force, in November 2000 Business.com Business information Closely held In February 2001, laid off 37 employees, or about 25% of its work force CBS Internet Group Web publisher Unit of Viacom Cut 25 employees or 25% of staff, in late May 2000 Chinadotcom China portal Public; hit high of $156 in March, low of $6 in October Laid off 48, or 2.8%, in August 2000 CitiKey Wireless European city guideClosely held; backed by Crescendo Ventures, Atlas Venture and Kennet Capital; now in bankruptcy proceedings Laid off all 90 employees in November 2000, as company entered liquidation CondeNet Online publisherUnit of Advance Publications In March 2001, laid off 18 people, or 12% of its 147 employees CNBC.com Financial news site Unit of General Electric's NBC division In February 2001, laid off one-quarter of its 100 employees; in June 2001, completed merger with Microsoft's MoneyCentral Web site CNN TV, Radio, InternetUnit of Time WarnerSaid in January 2001 it plans to lay off 400 employees or 10% of its work force, with about one-third of the cuts from CNN's online staff; company cut another 20 employees from CNN.com in May CNET Networks Tech news and reviews publisher San FranciscoPublic In February 2001, laid off 10% of staff, or about 190 people; in July 2001, announced plans to cut another 15% of work force Crosswalk.com Web portalPublic In January 2001, laid off about 15 employees, bringing total remaining head count to 49. A year earlier, in January 2000, the company cut its work force by 30%, or 30 employees. Digital Entertainment Network Web content Closely held Closed down in May 2000 Discovery.com Online arm of Discovery Communications Closely held Laid off 45% of staff in November Disney Internet Group Online content, commerceUnit of Walt Disney In January 2001 announced plans to shut down its Go.com portal and lay off 400 employees; in February 2001, set plans to cut another 125 jobs, partly from ABC.com and ABCnews.com Kibu.com Teen girls' site Closely held; was backed by Netscape co-founder Jim Clark Shut down site in October 2000 Drkoop.com Health news, advice Public; stock peaked near $20 last December 2000, now trades around $1Laid off one-third of staff in May; cut remaining staff by another third in August, leaving about 80 employees; cut an additional 45 jobs in Jan. 2001 DrDrew.com Dating, health advice Closely held; editor is MTV Loveline host Dr. Drew Pinsky; assets sold to Drkoop.com in November 2000 In September, laid off 14 of 20 remaining staffers, down from 70 three months earlier EarthWeb IT jobs, content sitePublicSaid it December 2000 it will cut 100 jobs and sell its content operations to Internet.com Excite At Home Web content and high-speed Net access Public; controlled by AT&T In January,laid off 250 people, or 8% of its staff; in May, laid off another 380 employees, or 13% eYada.com Streaming audioClosely held; backed by Chase Capital, Time Warner Cut work force by about one-third, or 30 employees, in January 2001 as it cut back on programming; in July 2001, shut down operations Hookt.com Community and commerce site Closely held Filed for Chapter 11 in May 2001 Icebox Online ertertainment Closely held In Feb. 2001, closed down, laying off all but two of its remaining 27 employees; site's assets were purchased by management and site was relaunched in May 2001 LocalBusiness.com Business newsClosely held In December 2000, laid off 27% of its work force, or 34 people. In May, filed for Chapter 11 bankruptcy-court protection LookSmart Web directoryPublic In January 2001 announced plans to lay off 172 employees, or 31% of its staff MarketWatch.com Financial newsPublic; backed by Viacom and PearsonSaid in May 2001 it will cut 15% of its work force NBC Internet Community and content portal Public, formed by merger of Snap, Xoom and certain NBC assetsIn August 2000, cut 170 jobs, or 20% of staff; in October, president quit and firm said job won't be filled; in January 2001, set plans to cut another 30% of work force or 150 jobs; in April 2001, network NBC agreed to buy the 61.4% of NBCi it didn't already own and said it would lay off most of the remaining staff. News Digital Media Online media unit of News Corp. Laid off about 15% of its news staff, or 82 jobs, Reuters reported in October 2000. In January 2001, announced it would close, meaning about 200 of its 450 jobs would be eliminated and the rest transfered to other News Corp. entities New York Times Digital Online PublisherUnit of New York Times Co.Said it January 2001 it will lay off 69 employees, or about 17% of its work force; laid off another 47 employees in April 2001 Next Media Online publisher Public; trades in Hong Kong In July 2000, sacked 98 workers at its Web sites, appledaily.com and nextmedia.com; in October, cut another 90 jobs and closed 11 of its 25 Web sites; in October, unit AdMart Travel said it plans to shut down Oxygen Media Cable-TV and Internet content Closely held Reduced staff by 44 full-time and 21 part-time positions in December 2000 Pop.com Closely held; backed by Steven Spielberg and Ron Howard Closed operations, laid off 80 in September Pseudo Programs Web broadcaster Closely held Closed down in September, laying off 175 employees; had laid off 58 in June Quepasa.com Spanish-language portal Went public in June 1999 Following round of layoffs in May, cut about two-thirds of remaining work force in November, leaving it with 20 employees Quokka Sports Sports news sitePublic; acquired Total Sports in November 2000 Laid off 90 employees, or 20% of work force, in November 2000 after closing Total Sports deal; said in February 2001 that it planned to cut another 59% of its remaining work force Salon.com Web publisherPublicSaid in December 2000 it laid off 20% of its work force, or 25 employees; cut another 17%, or 14 people, in August 2001 Shockwave.com Unit of Macromedia Laid off 20 of its 170 employees in September Space.com Outer space content Closely held; founded by former CNN anchor Lou Dobbs, who resigned in April 2001In October 2000, cuts 22 jobs, or about 20% of work force SportsLine.com Online publisher Public Said in April 2001 it planned to cut 15% to 20% of its domestic work force, or as many as 90 employees SportsYA! Sports site Closely held Cut staff by 25% to 150 in October 2000 Stan Lee Media Online animation Filed for Chapter 11 bankruptcy protection in February 2001 Eliminated 19 positions as part of outsourcing deal in September 2000, laid off most of remaining staff in December 2000 Standard Media International Online and print publisher Majority owned by IDG Laid off 69 employees, or 16% of its work force, in February 2001; shut down most operations in August 2001 and filed for Chapter 11 StarMedia Latin american portal Public Cut 125 jobs, or 15%, in September 2000; cut another 25% in May 2001 theglobe.com Web community Public Cut 51 jobs in third quarter 2000; in August 2001, cut 60 more positions, or 49% of the company's remaining work force TheStreet.com Financial-news publisherPublic In November 2000, slashed its U.S. work force by 20%, shuttered its British operations and ended its joint newsroom with the New York Times; laid off another 20% of its staff, or 40 people, in April 2001 Tom.com Hong Kong portal Public; trades in Hong Kong Laid off 80 people, or 16% of staff, in July; unit GoChinaGo cut 50 jobs in August 2000 Urban Box Office Urban content hub Closely held Filed for bankruptcy and laid off most of 330 workers in November 2000 UGO Networks Online entertainment networkClosely held; investors include Gryphon Holdings Laid off 30% of its 130 employees in March 2001 USAToday.com Online newspaperOnline operation of Gannett's flagship paper Laid off seven employees at USAToday.com, as paper cut overall staff by 100 employees, or 5%. VivreFemme.com Women's portalClosely held In December 2000, announced plans to close down Women.com Internet publisherPublic Reduced staff by 85 jobs, or about 25% of work force, in December 2000; in February 2001, agreed to be sold to iVillage Worldsport Sports site Closely held Shut down site Work.com Web portal for small businesses Closely held; joint venture with Dow Jones & Co. and Excite@Home Corp. Said in March it will shut down site by month's end, lay off most of its 113 full-time employees. WSJ.com Financial news siteUnit of Dow Jones Laid off 35 employees in April 2001 Yahoo! Web portalPublic Announced plans in April 2001 to cut about 12% of its 3,510-person work force, or about 420 postsDSL, Internet Companies AOL Time Warner Internet, publishing conglomerateNew YorkPublic Said it August 2001 it planned to cut 1,200 jobs at its America Online division, or about 8% of its work force Covad Communications DSL provider Public Said in November 2000 it plans to lay off 400 employees or 13% of its work force. In December 2000, it announced another round of 400 layoffs DSL.net DSL provider Public Said in December 2000 it plans to cut 141 jobs, or 28% of its work force Excite At Home Web content and high-speed Net access Public; controlled by AT&T In January,laid off 250 people, or 8% of its staff; in May, laid off another 380 employees, or 13%; in September 2001, filed for Chapter 11 bankruptcy protection Exodus Communications Web hosting company Santa Clara, Calif.Public In September 2001, filed for Chapter 11 bankruptcy protection Flashcom DSL provider Closely held In December 2000, filed for Chapter 11 bankruptcy protection HarvardNet DSL provider Closely held In December 2000, cut 58% of work force, or about 280 people, and exited DSL business Juno Online Services Internet provider Public Eliminated 50 positions in April 2001; announced merger with Netzero in June 2001 Metricom Mobile-Internet providerPublic In March 2001, laid off 179 workers; said in June 2001 it will cut 23% of its work force, leaving it with about 451 workers NorthPoint Communications Group DSL provider PublicIn December 2000, said it planned to cut its full-time work force by 248 jobs, or 19%. In January 2001, filed for Chapter 11 bankruptcy protection and said intends to sell its assets OneMain.com Internet service provider Acquired by EarthlinkSaid in April 2000 it plans to cut work force of 1,500 by 15% over next year PSINet Business Internet provider Filed for Chapter 11 in June Laid off about 1,000 employees in third quarter 2000 Rhythms NetConnections DSL providerPublicSaid in January 2001 it will cut full-time work force by 23%, or 450 employees; filed for Chapter 11 in August 2001 and said it would cut 700 employees, or 75% of staff Teligent Business Internet provider Filed for Chapter 11 in May 2001 Earlier in May, laid off 900 workers, or 38% of its work force of 2,400 Vitts Networks DSL providerClosely held In January 2001, announced plans to close down Winstar Communications Fixed wireless servicesDelisted from Nasdaq Filed for Chapter 11 bankruptcy in April 2001 ZipLink Dial-up, DSL Internet providerPublic Said it will close its business, lay off all employees, in November Source: the companies, WSJ.com research Write to Timothy Hanrahan at [email protected]
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