T-Online to axe 10% of staff
ISP to shed helpline and call centre bods
Europe's largest ISP, T-Online, is planning to axe call centre and telephone helpline staff because it says it can't maintain the high costs.
According to the FT, the company is expected to shed 10 per cent of jobs by not renewing fixed-term contracts. This could reduce the headcount from 1,950 to 1,750 by the end of the year.
Net investment group Antfactory has slashed 30 per cent of its staff since September. It hasn't invested in any businesses over the same period either.
The company had operating expenses of about $12 million in the 15 months to 31 December. Its best investing effort has been turning the $900,000 backing for AceQuote into $6.6 million when the business was sold last year. ®