Excite@Home said it would drop 250 employees, 8% of its total wor...
Excite@Home said it would drop 250 employees, 8% of its total work force, to slash costs and reach profitability sooner as online ad market suffers. Excite@Home, which posted $668.7 million loss on $169.9 million in sales in 3rd quarter…
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ended Sept. 30, said most of cuts would be in company’s online content areas. It said it also would trim staffing in such corporate and administrative areas as finance, human resources, marketing. But company, which closed 2000 with nearly 3 million high-speed data subscribers, said it wouldn’t eliminate jobs in its broadband access businesses and broadband network operations. Excite@Home said it would take $8 million charge for layoffs in first quarter.