Survey: Dotcom job losses rise 55 percent in August


Author: JT Smith

From a Reuters story: Job cuts at Internet companies in August jumped 55 percent from July, led by cuts in the Web retail sector, according to outplacement firm Challenger, Gray & Christmas Inc. Job cuts in the dotcom sector from December 1999 through Aug. 23 totaled 11,785, up from 7,592 posted through July 23, with retailers accounting for the biggest portion of the layoffs.