With so much in the news about job cuts and closures of well-known dot com companies, we at SearchtheWeb.com thought we would track these companies and Internet related sites and provide you with updated short news announcements on their status.

Dot Com News from Week of August 26, 2002

8/29/02 Siebel Systems plans to offer stock or cash to employees whose stock options are currently worthless, an unusual effort to retain workers and boost morale. 8/28/02 Notify Technology Corp. plans to cut nine jobs, or about 28% of its staff, and said it expects to narrow its year-over-year operating loss for the fourth quarter. Notify, a maker of computer telephony product, said the job cuts were primarily in its new wireless business unit. 8/28/02 Nuance Communications Inc., a maker of voice-recognition software, said it would fire 90 people, or 23% of its workforce, to reduce costs. It's the third round of job cuts this year. Nuance, whose customers include Sprint Corp. and Japan Telecom, also will record a non-cash expense of $30 million to $35 million in the current quarter related to an office property that it doesn't occupy because of declines in sub-lease rates. 8/28/02 Humorist Andrew Marlatt has spun his last tale for SatireWire.com, but this one was a true account of the site's end. The nearly 3-year-old Web site, which is devoted to poking fun at anything in the media, will stop dishing out stories as of this week, but will remain as an archive, according to a note posted on the site by Marlatt. 8/27/02 Oxygen Media is laying off nearly two-thirds of the staff at its oxygen.com Web site and is scaling back the site's content. 8/27/02 Nortel plans 7,000 more job cuts and expects third-quarter revenue to fall as much as 10% rather than be "essentially flat." 8/26/02 Siemens said it plans to cut 4,000 jobs at its troubled fixed-line telecom unit IC Networks, confirming figures released earlier by union officials.

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