Comments on: Comments on 5758

Post number 5758

shauna — Thu, 08 Feb 2001 18:06:40 -0800

Motley Fool cuts 115 employees The Motley Fool laid off about 30 percent of its staff Thursday, becoming the latest online publisher to recoil amid cost pressures.

By: stbalbach

stbalbach — Fri, 09 Feb 2001 08:14:16 -0800

Read somewhere the running dot-com carnage total is around 50,000 -- thats a lot of people, but not really in the big picture. A single automobile company could lay off that many in one swoop. Yet more dot-com hype. Hype on the dark side.

By: Mars Saxman

Mars Saxman — Fri, 09 Feb 2001 11:35:21 -0800

Um. What on earth is the Motley Fool *doing* that they need nearly four hundred employees?

By: crunchland

crunchland — Fri, 09 Feb 2001 13:03:12 -0800

Not employees. FOOLS!

By: crunchland

crunchland — Fri, 09 Feb 2001 13:05:50 -0800

er... oops. I thought that was their employment link... which is, uh... suddenly and mysteriously missing from their home page. Boy, do I feel dumb.

By: dhartung

dhartung — Fri, 09 Feb 2001 13:42:51 -0800

stbalbach, it's not that simple. Those figures are total layoffs announced by big firms. There's no count for small firms that have vanished into thin air, and there's a big gray area for consulting firms. Then you have the fact that those numbers include all types of employees. I'd peg the total at closer to 100-150,000, of which perhaps 25,000 are technical professionals. In the context of the dot-com industry, that's actually a lot of people. Mars: not only are there a couple of dozen columnists, at least 2 or 3 for each sample portfolio, there is the news staff, daily and weekly e-mail lists, the weekly newspaper feature, the forums, the quotes, the accessories store,... it's a pretty extensive operation.