ISYNDICATE CUTS 50% OF STAFF

By: Staff Reports

U.S.-based Offices Face Cutbacks


iSyndicate, the online content syndicator based in San Francisco,
has laid off approximately 50% of its U.S.-based staff, the
company reported Monday.

The layoffs were at the company’s offices in San Francisco, New
York City, and Austin, Texas. Roughly 85 people were let go as
the company restructures and concentrates on its efforts to
provide infrastructure technology.

“All investors are currently behind iSyndicate,” said Jeff
Thomas, vice president of marketing at iSyndicate. Thomas said
that earlier reports suggesting an investor pull-out were
inaccurate.

Thomas also confirmed that none of the company’s international
operations were affected by the layoffs. iSyndicate Europe
remains a 50-50 partnership with Bertelsmann.

As part of iSyndicate’s attempts to diversify its operations, the
content distributor acquired Kurion, based in Austin, in
February. The Kurion purchase enables iSyndicate to offer its
users syndicated applications along with the content. For
example, mortgage calculators might accompany real estate
content.

iSyndicate handles content re-sales and electronic distribution
for clients such as The Associated Press, Business Week,
CNBC, CNET, the Financial Times, and The New York
Times.


Copyright 2001, Editor & Publisher.

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