Food Industry
Industry: Email Alert RSS FeedWine.com Fires 75
Wines & Vines, Feb, 2001
Wine.com, an online retail wine company, has fired 75 employees following the completion of the company's merger with WineShopper.com. The layoffs represent about a 25% staff reduction, from 310 employees to 235, according to a report in the San Francisco Chronicle.
Co-founder Peter Granoff asserted that the layoffs are not part of the crashing dot com sector but were because of overlapping staff positions following the merger.
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Granoff said that sales grew by 300% last year. He declined to provide specific sales figures on Wine.com, which is privately owned, or to comment on rumors that the company might be running short of capital.
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