(April 4, 2001) -- The latest in a series of industry cuts, TheStreet.com announced today measures to reduce operating expenses in the increasingly unstable market environment. The company will lay off 20% of its workers, sublease a portion of its principal office space and reduce spending in contract services, marketing and travel. TheStreet.com expects to save over $15 million annually as a result of these measures. This is the second round of layoffs at the financial news site. -- Bonnie Tsui
Copyright April 2001, Crain Communications Inc.