Dot Com News from Week of March 5, 2001

• 3/9/01 - Work.com, formed through a partnership between Excite@Home, Dow Jones & Company, and Work.com Chairman and CEO, will cease operations at the end of March and the site will be shut down. The majority of Work.com's 113 full-time employees in Redwood City, California, and New York City will be leaving the company next week.
• 3/9/01 - Online grocer Peapod is closing its doors in San Francisco this weekend and has told its customers to go to onetime rival Webvan.

• 3/8/01 - PhotoWorks, a leading photo service company, announced plans to realign its organizational structure to reduce fixed costs. As a result, a total of approximately 113 positions or 18% percent of its workforce, are being eliminated from its Seattle location through direct workforce reductions.
• 3/8/01 - Domain-name registrar Bulkregister.com has let go at least 19 of its 33 employees, and has dismissed CEO Tony Keyes.
• 3/7/01 - Eyecast Corp., a streaming media services company, last week laid off about 30 employees, or roughly one-quarter of its workforce. The latest staff cuts followed two payroll reductions in January when the company laid off around 28 workers. The latest round leaves Eyecast with around 80 employees.
• 3/7/01 - Zethus Inc., a highly touted online real-estate marketplace backed by Goldman Sachs Group, has closed its doors. The Washington, D.C., start-up said it is filing for Chapter 7 bankruptcy protection.
• 3/7/01 - Internet toy site eToys filed for Chapter 11 and will be shutting down its Web site by the end of the day.

• 3/6/01 - Circle.com,a Web solutions provider for Global 3000 clients worldwide, specializing in Internet-based customer relationship management campaigns, announced that it has restructured its San Francisco office, resulting in the elimination of 29 positions. The company has some 480 associates across nine offices worldwide.
• 3/5/01 - CyberCash Inc., which processes credit card transactions for online merchants, filed for federal bankruptcy protection. Network 1 plans to buy all of CyberCash's operating assets. CyberCash once employed 330 people.
• 3/5/01 - Online teen community Bolt.com laid off 35 employees or 20% of its staff last month as part of its effort to "scale back on some of the less-critical elements of the business.
• 3/5/01 - Egghead.com, which sells computer hardware, software and peripherals, cut 77 employees, or about 12% of its work force, as part of a continuing effort to reach profitability by the fourth quarter.
• 3/5/01 - UGO Networks said it is cutting 30 percent of its staff or 40 or its 130 employees as part of its "cost-cutting measures to increase efficiencies" in its business. UGO Networks targets 18- to 34-year-old males by offering UnderGroundOnline, a network comprising of 350 affiliated sites that feature games, music, sports and other entertainment content.