For Jack Ma, executive chairman of Alibaba Group Holdings, today is an extremely busy and lucrative day because the company he founded 15 years ...
Egghead.com Inc. is laying off 29% of its work force, 178 employees. The company says the action is a move toward “right-sizing” to better serve its b2b market.
Egghead.com Inc. is laying off 29% of its work force, 178 employees, in its Menlo Park, CA, headquarters and its Vancouver, WA, operations facility. Today’s layoff follows a lay-off of 77 a month ago.
"Today`s announcement reflects the company`s ongoing commitment to right-sizing the business. 2001 is proving to be a challenging year for most technology-related businesses, and we are positioning ourselves to stay ahead of changing business conditions," said Jeff Sheahan, president and CEO of Egghead.com, direct marketer of technology and related products. "Right-sizing is critical in today`s market, especially as we continue our march toward reaching profitability this year. The current environment demands a tight operating structure. As we`ve gained experience with our B2B business model, we`ve developed a better understanding of what our outbound organization should look like and are adjusting the profile of that organization to better penetrate and service our Small- to Medium-size Business customer base. Today`s action in no way lessens our commitment to our B2B focus; in fact, it allows us to be more constructive and effective in marketing to our business customer base."