Mesania.com sheds half of jobs
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Mesania.com - a pan-European business-to-business marketplace for professional buyers and suppliers of European gift and homeware products - shed half its workforce today.
El Reg understands that 17 staff were given the bad news.
In December ten workers were asked to pack their bags.
Susan Arndt, a director at the London-based B-2-B outfit, confirmed that job cuts had been made but declined to comment.
She said a full statement would be issued later.
While it's hoped that these cuts will be the last, some observers believe that the outfit will only be able to survive if it receives a fresh injection of cash.
In today's climate, that might be easier said than done.
In June 2000, NASDAQ-listed Internet Capital Group provided $10.3 million of capital and operational support to Mesania. Other investors include Wand Partners, Nervewire Ventures LLC and Italian incubator eNutrix. ®
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