Lycos Europe Restructures

Lycos Europe will be laying off about 100 employees, bringing the employee count to 825. It will be focusing on sectors such as communication (e-mail, messenger, SMS, MMS), communities (chat, dating), web hosting (Webcenter, Tripod) and shopping & search. It will also be gearing them towards a Europe-wide profit centre structure. At the same time, the company is reducing its product portfolio by low-margin niche services and bundling its development centres.

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