Cuts 2 Percent of Workforce

FRAMINGHAM (01/31/2000) - Online retail giant Inc., dogged by losses despite sales growth, is eliminating 150, or about 2 percent, of its 7,500 positions.

The cuts will occur across the company and were a result of an organization review, said Bill Curry, a spokesman for the Seattle-based retailer. "We always assess the skills and mission with the people we have," he said.

For the third quarter of 1999, posted $356 million in sales, but lost $79 million. The company announced the layoffs Thursday. Its fourth-quarter earnings are due Wednesday.

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