The online retailer lays off nearly half of its staff, leaving a 'skeleton crew' to maintain the site for parent Kmart.
Published:
10 August 2001 y., Friday
BlueLight.com initiated another round of major layoffs Thursday that will likely leave the online retailer with just a "skeleton crew" maintaining the company's Web site for its parent Kmart, according to a source at the company who was among those laid off.
BlueLight dismissed 50 to 60 workers Thursday, or close to half of the company's staff. The company will continue making layoffs during the next 30 to 45 days, leaving a few employees to keep up with key financial and technological procedures, the source said.
BlueLight did not immediately return phone calls requesting comment.
BlueLight endured another round of heavy layoffs in May, as the company attempted to pull back on spending and share similar resources with Kmart. BlueLight then announced last month that Kmart would buy back all outstanding shares of BlueLight and take full control.
Šaltinis:
thestandard.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »