×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

RAZORFISH OFFERS EMPLOYEES 'TERMINATION' PACKAGES

Published on .

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.

In this article:
Most Popular