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  • From: "Thomas A. Beckett" <thomas AT tbeckett.com>
  • To: InterNetWorkers <internetworkers AT franklin.oit.unc.edu>
  • Subject: you know times are tough when ....
  • Date: Tue, 10 Apr 2001 10:36:59 -0400


.... the recruiters start laying off people.

TaB

Employment Info Site Vault.com Lays Off a Third of Staff

NEW YORK (VENTUREWIRE) -- Vault.com, an online provider of
employment information and services, said it has laid off a third of its
staff, approximately 25 people. Vault.com president and CEO Eric Ober
said that the company made the cuts across the board as a means to
reduce costs in a tough revenue climate. Mr. Ober also said that the
layoffs were part of its effort to continue with Vault.com's plan for
profitability in the fourth quarter of this year. The company now
employs 50. While Mr.Ober said Vault.com never sought a third round of
funding, he said it recently received a $1 million capital injection
from Tekbanc. Vault.com made 33 layoffs in January, citing a poor
economy.



  • you know times are tough when ...., Thomas A. Beckett, 04/10/2001

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