×

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.

Stamps.com lays off 50% of work force

Published on .

Internet postage provider Stamps.com said it would slash 150 jobs, or 50% of its work force, in an effort to streamline operations and achieve profitability. The job cuts will take place across all of its locations, including Bellevue, Wash., and its Santa Monica, Calif., headquarters, the company said Feb. 7. The cutbacks reflect Stamps.com's renewed focus on its core Internet postage business as well as its strategy of making the company profitable. Last October, Stamps.com laid off 240 employees or 40% of its work force.

Copyright February 2001, Crain Communications Inc.

In this article:
Most Popular