OnmiSky cuts almost 100 jobs

Summary:OmniSky has laid off nearly 100 employees, mostly by closing several European offices, as the company consolidates its business to try to save money. Representatives at the San Francisco-based wireless services company did not return repeated phone calls.

OmniSky has laid off nearly 100 employees, mostly by closing several European offices, as the company consolidates its business to try to save money.

Representatives at the San Francisco-based wireless services company did not return repeated phone calls. But the company reported that it had 198 full-time workers at the end of 2000, according to a filing with the Securities and Exchange Commission.

"The actions we've taken significantly reduce our cash burn while we continue ongoing discussions with vendors and partners to raise the capital necessary to take us to profitability," OmniSky Chief Financial Officer Lawrence Winkler said in a statement.

OmniSky also reported Thursday that it expects second-quarter revenue to come in at $4.6 million to $4.7 million, which is in line with prior guidance. OmniSky expects a loss for the second quarter in the range of $27 million to $29 million, an improvement to prior estimates for a loss of $41 million to $43 million. Second-quarter results will be reported Aug. 7. --Richard Shim, ZDNet News

Topics: IT Employment

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