IVILLAGE TO LAY OFF HALF ITS STAFF

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(June 25, 2001) -- As it completes its merger with Women.com, iVillage said late last week that it would lay off about half its staff, bringing the total headcount from the high 300s to just under 200. Company officials said they expected the cuts to result in a reduction in expenses from $100 million to between $65 million to $75 million on an annualized basis by the end of the year. The company also said that it would turn the Women.com site, which will continue to operate separately, into a more lighthearted, younger-skewing site. -- Catharine P. Taylor

Copyright June 2001, Crain Communications Inc.

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