Overture to Cut 100 Jobs

  • May 9, 2003
Overture Services Inc. on Thursday said it would cut about 10% of its work force to integrate the recently-purchased AltaVista and Norway's Fast Search & Transfer (FAST). The company repeated its forecast that 2004 earnings would double from the current year. Most of the 100 job cuts will be in sales and finance, as the two new units are integrated. The company will retain technology workers from both companies, it said. Headcount currently totals about 1,000.
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