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TheStreet.com: Netscape to Announce Big Layoffs

Thanks to David
Stoner
for this link.

“In what could turn out to be the Internet economy’s biggest
instance of downsizing, sources close to Netscape say the
pioneering company is close to laying off as much as 30% of its
workforce. The layoffs could take place as soon as next week, say
observers close to the company.

“The cutback in Netscape’s workforce is part of the move by AOL
to integrate Netscape into its operations, creating one giant
Internet media conglomerate.”

Complete
story
.

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