By Tony Hallett, 14 March 2002 08:00
NEWS Lycos Europe has announced it will shed 200 posts in an effort to break even this year. The lay offs come despite reporting a narrowing of losses for the six months ended 31 December 2001 and the internet portal cutting its workforce by 300 to 1,100 last autumn. However, advertising markets in Europe are still "very weak", according to company CEO Christoph Mohn, talking to the WSJ. Lycos Europe operates in 11 countries, is based in Holland and is listed on Germany's Neuer Markt and France's Nouveau Marche. Bertelsmann owns just under a third of the company.
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