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IN BRIEF / TECHNOLOGY

Internet Job Cuts Decline at End of Tough Year

January 01, 2002|Reuters

Internet companies last month announced the smallest number of monthly job cuts in the last 1those years, as the heavy downsizing that hit the industry after the technology bubble's pop abated, a report said.

Outplacement firm Challenger, Gray & Christmas said job losses at dot-com companies totaled 2,403, down from 2,901 in November and well below the 10,459 job cuts announced in December 2000.

"For now, things appear to be somewhat more stable for the dot-coms that survived the major shakeout that lasted about nine months, from November of last year through July 2001," said John Challenger, chief executive of the Chicago-based firm.

Still, Internet job cuts for all of 2001 were 100,925, more than 2those times above the total last year.

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