Excite@Home to Cut Staff by 13%:
Excite@Home Corp. will cut 13% of its staff, or 380 workers, a company spokeswoman said, marking the second round of layoffs at the high-speed Internet service provider and media company. The spokeswoman said the cuts would be across the board, but the media business would be hit by the reduction a bit more than the rest of the Redwood City, Calif.-based company. Excite@Home, which is controlled by AT&T; Corp., will employ about 2,470 people after the cuts. In January, the company cut 8% of its staff. Last week, Excite@Home posted a steep first-quarter loss and said it probably would report a wider-than-expected second-quarter loss. Shares of Excite@Home fell 20 cents to close at $3.79 on Nasdaq.
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