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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

Tech stocks rock Europe, too

Tech stocks rock Europe, too

PRAGUE, Czech Republic -- The daily water torture on the Nasdaq is also front-page news on this side of the Atlantic.Industry leaders say the sell-off in tech stocks has forced many of them to overhaul their tactical -- and even strategic -- planning in response to heightened pressure on many startups to turn a profit sooner, rather than later.

October 11, 2000 by in Start-Ups

Investor AM: AT&T's AWE inspiring IPO

Investor AM: AT&T's AWE inspiring IPO

AT&T Wireless couldn't have picked a better ticker to describe its business and initial public offering this week. "AWE" sums it up when it comes to the number of shares offered, the sheer girth of Ma Bell's wireless unit and the amount of cash to be raised.

April 24, 2000 by in Start-Ups

Xerox PARC for sale?

Xerox PARC for sale?

The Xerox PARC research center, where computer innovations from the mouse to the graphical user interface were developed, is up for sale, according to a report in the New York Times Thursday. The troubled copier company is looking to sell off assets as part of a recovery, and has shopped PARC to at least once venture capital firm.

October 18, 2000 by in Start-Ups