Today in Chicago
Thursday
03.18.10
Mostly Cloudy
56.0ºF

Your Messages and MailPersonals and MatchmakerJobs and CareersDance Music 24/7ShopProfilesProfilesProfilesProfiles
Join the Community! (free) or Login:     Password:    
 News Sections
   Arts & Books
 Business
 Career
 Conventions
 Education
 Entertainment
 Food
 For Kids
 Health
 Hobbies
 Lesbian
 Lifestyle
 Local News
 Money
 National News
 Pets
 Politics
 Romance
 Self Improvement
 Shows
 Special Recreation
 Sports
 Technology
 Travel
 World News
 Youth
 Celebrities
  Lt. Dan Choi
03.15.2010
Suzanne Westenhoefer
Shirely Jones
Joan Rivers

More interviews

 Best Sellers

 Shop Books
 Shop DVDs
 Shop Music
 Top 100 Gay Novels
Dot-Com Slide Continues

Recent Articles  RSS Feeds

Shop on ChicagoPride.com

PSPgo - Piano Black
More Info || Buy It!

Brokeback Mountain (Widescreen Edition)
More Info || Buy It!

by Internet Wire
Filed under: Business, Technology
Thu. December 28, 2000  

Printer Friendly PDFSave articleEmail this articleBlog this article
Post to MySpace   Share

New York, NY — Internet firms continued to lay off people in December, a new study released Wednesday said. 

Dot-com companies eliminated 10,459 positions from their payrolls, up from 8,789 in November, for a total of 41,515 since last December, according to the report by outplacement firm Challenger Gray & Christmas. 

``The two halves of 2000 were like night and day for dot-commers,' the company's chief executive officer, John A. Challenger, said. ``In the first six months, all you heard about were job fairs, lavish recruiting parties and after-hours mixers where would-be entrepreneurs hoped to meet free-spending venture capitalists. Now, pink-slip parties are the rage.'

The Internet sector cut a total of 5,097 jobs between January and June of this year. From July through December, 36,177 reductions were made. 

Most of the job losses occurred at dot-com companies that specialize in services such as consulting, financial and information. Internet retail firms saw the second-largest number of cuts. 

In recent weeks, companies such as consultancy Scient Corp. and online grocer HomeGrocer.com, which is being acquired by Webvan Group Inc., have shed jobs. 

But Challenger said he was pessimistic that Internet companies would stop losing jobs any time soon. 

``My guess is there's more pain to come,' he said. ``As we hit January and February, they're going to sit down with their investors and post-mortem what happened. I think more are going to decide to close their doors.'

News, photos provided by Internet Wire.


Comments

No one has commented on this article yet.
Be the first one to comment!

Your name
(Login for credit on your comment)


Leave a comment
HTML formatting will not be saved

Your email address


Printer Friendly PDF  |  Save It  |  Email this Article



To email this article to a friend, enter your friend's email address in the box below and click on the "send email" envelope.




Login | Terms of Use | Privacy Policy | Media Assets | Webmasters / RSS | Advertise

Sponsorship or Partnerships | Contact the Editor | Email the President | Press Inquiries | Contact Us

Become a fan of ChicagoPride.Com on FacebookBecome our friend on MySpaceBecome our friend on MyPrideBecome our friend on Twitter
Serving Boystown and Gay Chicago since 1995
© Copyright 1995-2010 All rights reserved. Info on this site is strictly for entertainment purposes.



03/18/2010 12:02P