Lump of Coal

More Layoffs at Adero

BOSTON - VENTUREWIRE - December 21, 2000 - It will not be a very merry Christmas for 23 Adero employees, who were recently laid off by the Internet content and application distribution service. This, only three months after its first round of layoffs, cutting 25 direct sales and marketing employees from its 250 member staff. Adero said a number of other workers have resigned and have not been replaced. Its staff now totals less than 200.

Adero's investors include America Online, Bowman Capital, Fidelity Ventures, Hikari Tsushin, ING Barings, Inkomi, Intel Capital, M/C Venture Partners, Microsoft, Mitsubishi, Osborn Capital, Reuters, and Spectrum Equity.