E-Stamp cuts 30% of its staff

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E-Stamp Corp., as part of a business refocusing, said it will lay off about 30% of its staff, or 36 employees. The company stopped selling Internet postage kits Nov. 24; it sent a letter to E-stamp customers Nov. 27 thanking them for their business and recommending they sign up with Neopost Online for that company's Internet postage offering, Simply Postage. E-Stamp Corp. plans to phase out its Internet postage product line and focus instead on Web-based shipping and logistics solutions. "We have seen less favorable results in our Internet postage business," said Robert (Bo) Ewald, president-CEO, in a statement posted on the company's Web site e-stamp.com. "We have therefore determined that our best course of action is to phase out Internet postage and re-deploy our resources toward the greater market opportunity presented by our logistics solutions, Digital Shipper and e-Warehouse."

Copyright November 2000, Crain Communications Inc.

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