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GreaterGood chooses lesser evil.(GreaterGood.com is reducing workforce)(Brief Article)
Web shopping portal cut staff sharply in order to 'survive and prosper'
GreaterGood.com is a lot smaller after paring its staff by two-thirds, but the Seattle-based shopping portal is also a lot closer to profitability.
In January, GreaterGood had 110 employees. Now, after layoffs that occurred mostly in the second quarter, a team of 40 remains, said CEO Randy Dirth, who arrived from Williams-Sonoma Inc. last November.
He said GreaterGood expects to be cash-flow positive next month, adding that the cuts were driven by changes in the way the company operates, as well as an effort to conserve cash.
"Our burn rate is now 35 percent of what it …
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- Net Nanny Inc.(sponsor of GreaterGood.com, a food donation service)(Brief...
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Magazine article from: Puget Sound Business Journal
Tice, Carol
April 14, 2000
700+ words
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- The Hunger Site.(online shopping mall )(Brief Article)
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Magazine article from: Puget Sound Business Journal
Tice, Carol
August 31, 2001
700+ words
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- Charity cuts Web-site ties.
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Magazine article from: Puget Sound Business Journal
TICE, CAROL
December 8, 2000
700+ words
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- The Seattle Times Inside Technology Column.
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News wire article from: The Seattle Times (Seattle, WA)
May 2, 2000
700+ words
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- Charity portals' deal may signal consolidation.(Brief Article)
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Magazine article from: Puget Sound Business Journal
Tice, Carol
February 11, 2000
700+ words
