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Excite@Home Corp. laid off 380 employees, or about 13% of its work force, a spokeswoman said Monday.
The latest job cuts follow an 8% work force reduction in January, as Excite@Home (ATHM) grapples with a slowdown in the online advertising market. The company operates the Excite Web portal, which sells advertising, as well as the At Home high-speed Internet access service.
Monday’s layoffs come two weeks after the company said it was looking for ways to cut costs in order to preserve cash.
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