SAN FRANCISCO - December 15, 2000 -- VENTUREWIRE In the face of tough market conditions electronic business services provider, Bigstep.com gave the axe to 34 employees earlier this week. The staff has been reduced to 110 employees.
According to company officials, the staff reduction is a move to streamline operations in the face of market changes. Employees received a severance package as compensation.
Bigstep is backed by Worldview Technology Partners, InterWest Partners, Cardservice International, Compaq Computers, Office Depot, U.S. Venture Partners, Mayfield Fund, the Washington Post Company, Angel Investors LP, Partech International, Draper Richards, Argus Capital, Staenberg Private Capital, and undisclosed private investors.
