Advertisement
YOU ARE HERE: LAT HomeCollections

IN BRIEF/Technology

Commerce One to Cut Staff by Nearly a Third

April 17, 2002|Bloomberg News

Commerce One Inc., which makes software used for buying business supplies over the Internet, said it will fire nearly one-third of its staff after first-quarter sales plummeted 81%. The job cuts will reduce Commerce One's work force to about 1,100. Commerce One had a loss of $220.6 million, or 77 cents a share, in the quarter ended March 31, compared with a loss of $228.5 million, or $1.02, a year earlier. Sales plunged to $31.8 million from $170.3 million.

Advertisement
Los Angeles Times Articles
|
|
|