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BizBuyer.com Puts a Spin on Staff Layoffs

By KAREN KAPLAN
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Just because a “dot-com” lays off 20% of its staff doesn’t mean the company is in trouble.

That’s the spin at BizBuyer.com, an online business-to-business marketplace based in Santa Monica. The 2-year-old firm laid off about 30 workers at the end of May. The company still has about 125 employees and enough cash on hand to finance its operations for 24 to 30 months, said Chief Executive Bernard Louvat.

The layoffs were under consideration for several months as BizBuyer.com executives watched their business evolve. Now, “we focus our resources on business services and professional services, when we used to be extremely broad and include products and emphasize several categories,” Louvat said.

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Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

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