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Layoffs. Consolidations. Tumbling stock prices. When will the madness end?
According to industry analysts, the dot-com shakeout is going to get much
worse before it gets better -- and it won't be getting better anytime soon.
More shutdowns and layoffs lie in wait for the online world.
"If you look at venture capital funding for e-commerce companies, the
second and third rounds of financing really tapered off for [the]
third/fourth quarters of 2000," Steve Butler, business analyst for
eMarketer, told the E-Commerce Times. "This leaves dot-coms with
very little cash to last on a month-to-month basis. The majority
will go bankrupt or consolidate by the middle or end of this year."
Re: Lots of Shake Left in the Dot-Com Shakeout
Posted by: John 2001-03-30 11:43:59 In reply to: ECT News
Nearly all my peers have moved to medium sized corporations. The pay is lower and the dot.com incentives are't there. BUT we now work 8 hour days, 5 days a week.
My former stock options are lining for the catbox.
