“The layoffs come on the heels of a series of upheavals. In
April, the company’s chief executive and chief information officer
abruptly resigned. Subsequently, the company announced it was
postponing a planned initial public offering.”
“The layoffs affected all parts of the company except the
core programming “gurus,” Pat Lambs, head of the office of the
chief executive, said in an interview today. No future layoffs are
planned, she added.”
“The company wouldn’t say how many lost their jobs, but sources
familiar with today’s action put the figure around 70. In December
1999, the company had 130 workers and planned to hire another 250
throughout 2000.”
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