Clickrewards in trouble
Aug 8, 2001 | 5:18 pm
#1
Original Poster
Join Date: Dec 2000
Location: Atlanta, GA
Posts: 165
Clickrewards in trouble
"At our current cash level, we have come to a critical point in the Company's history where continued operations are contingent on an additional cash infusion and further managing down our cost structure, which includes workforce reductions."
The full press release is here - http://www.Netcentives.com/press/arc...20010724a.html
-Sabrina
The full press release is here - http://www.Netcentives.com/press/arc...20010724a.html
-Sabrina
Aug 8, 2001 | 5:44 pm
#2
Join Date: May 2000
Posts: 2,098
From my previous post:
Clickrewards (Netcentives, Inc.), a San Francisco Internet marketing company said it will fire about 165 employees, or 48 percent of its workforce, to restructure operations and cut costs. Netcentives, whose shares have dropped 96 percent this year, will reduce its workforce to about 180 employees from 345, the company said in a release. The company, which offers rewards such as airline miles for online purchases, has been hurt by a slow demand for Internet marketing services.
Clickrewards (Netcentives, Inc.), a San Francisco Internet marketing company said it will fire about 165 employees, or 48 percent of its workforce, to restructure operations and cut costs. Netcentives, whose shares have dropped 96 percent this year, will reduce its workforce to about 180 employees from 345, the company said in a release. The company, which offers rewards such as airline miles for online purchases, has been hurt by a slow demand for Internet marketing services.