|
|
Article:
- Article from:
- Post-Tribune (IN)
- Article date:
- November 28, 2000
- Author:
CopyrightCopyright (c) 2000 Post-Tribune. (Hide copyright information)
|
THIS ELECTRONIC VERSION MAY DIFFER SLIGHTLY FROM PRINTED VERSION
TECHNOLOGY
Online postage stopped
SAN FRANCISCO -- E-Stamp Corp. said Monday it is getting out of the online postage business, abandoning a ballyhooed concept that it pioneered. The Mountain View-based company will lay off 36 employees -- about 30 percent of its work force -- as part of a reorganization that will focus its efforts on helping other businesses order supplies over the Internet.
The work force reductions come on the heels of a 25 percent cutback in July. E-Stamp's withdrawal notice is the latest sign that online postage isn't delivering on the promise many investors saw in the concept a little more than a year ago.