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MarchFirst to slash 1,700 jobs

MarchFirst to slash 1,700 jobs

Web consultancy MarchFirst (mrch) on Monday said it is laying off about 1,700 employees, or 30 percent of its entire work force, amid its sale of certain assets to Divine, a former venture capital firm recently turned software maker. Chicago-based MarchFirst, which has been mum on reports of expected job cuts during recent weeks, began laying off several employees late last week, offering most only a two-week severance package.

April 1, 2001 by in Start-Ups

Investor AM: Q1 IPO hits and misses

Investor AM: Q1 IPO hits and misses

When the most exciting items on the IPO calendar this week are doughnut maker Krispy Kreme and a bunch of biotech offerings, you have to wonder what happened to all that dotcom enthusiasm from a few months ago.Internet IPO enthusiasm has left the building -- unless you have something resembling a real business.

April 2, 2000 by in Start-Ups

Alibris gets $30 million in funding

Alibris gets $30 million in funding

Alibris, an online book-selling network, has received $30 million in venture capital funding from a group led by CMGI @Ventures. Ingram Book Group is also investing in the site, and Ingram Chairman John Ingram will join Alibris' board of directors.

April 2, 2000 by in Start-Ups