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TECHBITS.(INTERNET & TECHNOLOGY)

Investor's Business Daily

| June 04, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Doug Tsuruoka

Dot-Coms Are Still Cutting Jobs

Pink slips are still fluttering in dot-com land. Job cuts by dot-coms almost tripled in May to 2,078 from 824 in April.

The figures are from a May 30 survey by job placement and tracking firm Challenger, Gray & Christmas Inc. The survey undercuts recent suggestions on Wall Street that the dot-com slump is ending.

The May figure was the ...

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