The Walt Disney Co. (DIS.N) said on Monday it will shut down its struggling Internet portal GO.com, laying off about 400 employees and taking a second-quarter charge for the overhaul of its Web operations.

Joining other media giants who have recently retreated from money-losing Internet operations, Disney said it will take a charge of $790 million related to the write-off of intangible assets and a further $25 million to $50 million in charges on severance and the write-off of fixed assets because of the restructuring.
http://www.nytimes.com/reuters/busin...ia-disney.html

AND:

Struggling Web site Latino.com has fired most of its staff last week and now only the two founders, CEO Lavonne Luquis and Max Ramirez, remain.
http://www.nytimes.com/aponline/busi...o-Layoffs.html

Dot-com layoffs "strafed" the sector, according to figures released today. January set another new record for 12,828 dot.com job cuts, a 23% increase over December's total of 10,459, reports Challenger, Gray & Christmas, Inc., the job placement service.

Yet:

While other dot-com businesses falter and stall one by one, Web sites in the e-travel sector keep on flying.
http://dailynews.yahoo.com/h/nf/20010129/tc/7090_1.html

AND: Online retail giant Amazon.com Inc. posted a smaller quarterly loss on Tuesday, just beating Wall Street estimates, but said it would cut 15 percent of its workforce to help it reach profitability by the end of the year.
http://www.nytimes.com/reuters/world...zon-earns.html

AND:

The Miami Herald reports that ByeByeNow.com, a once high-flying online travel services company that had attracted top travel executives and raised more than $30 million in venture capital, filed for bankruptcy Tuesday along with two subsidiaries.

The Pompano Beach company is seeking the Chapter 11 protection to reorganize, hoping to rescue technology it developed as the basis for a new company.

AND:

Online sweepstakes company AllAdvantage.com has shuttered its Web site, joining the list of failed consumer Web sites littering the dot-com landscape.

Hayward, Calif.-based AllAdvantage said on its Web site that it has pulled programs that paid people to surf the Internet--thereby ensuring they viewed advertisements--because "the advertising and capital markets have changed so fundamentally that it is now impossible to continue our infomediary incentive programs and benefits."
http://news.cnet.com/news/0-1005-200...html?tag=mn_hd

[This message has been edited by doc (edited 02-01-2001).]