DoubleClick To Cut 100 Jobs in Q4

  • October 12, 2001
DoubleClick Inc.'s Chief Executive Kevin Ryan said yesterday that the company expected to cut "at least" 100 jobs in the fourth quarter, or about 6% of its workforce. Reportedly, the company had 1,650 employees at the end of the Q3 and has been cutting jobs from a peak of more than 2000 a couple of quarters ago. Ryan said in a Reuters interview that the company might have to take a charge in the fourth quarter because of the job cuts, but was unable to quantify how much it would be. "It's possible because we will be eliminating positions," he told Reuters.
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