The layoffs totaled 76 employees -- about 10% of the company's global workforce -- of which 69 were billable.
A one-time charge will be incurred in the second quarter for severance-related costs in the amount of about $1 million. Modem Media also expects to incur an additional one-time charge in the second quarter to increase the provision, recorded in 2000, for excess space in San Francisco. -- Adrienne Mand
Copyright June 2001, Crain Communications Inc.