Leapnet Slashes 80 Jobs

Leapnet, a Chicago-based i-shop, has laid off 80 employees, or 13 percent of its payroll, in its second round of cuts since November, when 45 workers were dismissed.

All six branch locations are affected. Employees were notified Tuesday and Wednesday. A spokeswoman said dismissed employees will receive “enhanced” severance and help finding jobs.

Last month Leapnet said it hoped to be cash-flow positive by the second half of 2001. In a memo to employees, executives said that to meet that goal, “we need to take a serious look at our organization.”

“Today’s