RAZORFISH OFFERS EMPLOYEES 'TERMINATION' PACKAGES

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Razorfish, the New York-based I-shop, has began offering some employees in its Boston, London, Los Angeles and San Francisco offices the opportunity to leave the company. A Razorfish spokesperson would not divulge the amount of employees being offered the packages, or what the company's target was for the number of staff reductions.

Employees who have been offered the package have until Friday to decide whether to leave the company. The decision to start a "voluntary termination" program comes a little more than a month after Razorfish laid off 400 employees as part of a broader cost reduction program that the company said would save it $70 million during the course of 2001.

Copyright March 2001, Crain Communications Inc.

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