Not all Sites were disreputable, but those that were made the headlines and were covered in shows like '60 Minutes' and 'Dateline NBC". That's when this downturn began.

People's fears about their Privacy and Security online caused them to lose trust and confidence in all Sites. 

Some stopped using Sites altogether, limited their use, or entered incorrect information to protect themselves.

Then the Internet began to fail.

The failure of the Internet caused a ripple effect that is now effecting all industries in the U.S. and around the Globe.

Read the headlines below and you'll quickly see the results.

A R T I C L E S:
Articles below relate to Consumer Confidence, Layoffs & Bankruptcies.
The list is by no means complete, there are many more.

To read articles about Privacy, Security and Internet trust, click here.
Headlines in black are from former news articles that are no longer live.
Many news services keep information live for only 7 days. These are only selected articles and do not include all the news.

Consumer Confidence

• Consumer Confidence lowest since 1993 - April 13 2001
• Retail Sales Fall in March - April 17 2001

Stock Reports

• Nortel Stock Plunges 33 Percent - Feb 16 2001
• Outpost.com sees wider than expected losses - Feb 23 2001
• Viant falls on massive Job Cuts - March 27 2001
• NASDAQ at 29-month Low - April 2 2001

Layoffs
Note: Privately held companies are not required to announce cutbacks so the numbers are likely much higher.

Layoffs - In General:

• Layoffs Setting Record - Feb 7 2001
• Jobs Cut without Warning - March 11 2001
• Layoffs abound in advertising market - March 16 2001
• 377,552 Jobs Cut Since December - March 24 2001
• U.S. Corporate Layoffs 162,867 in March - April 5 2001
• Jobless Claims hit Five-Year high - April 13 2001
• Payrolls plunge steepest in 10 years - April 6 2001
• The Layoff List - April 18 2001
• Over 12,400 layed off yesterday - April 24 2001
• Mass layoffs rose in first quarter - April 26 2001

Layoffs in Brick and Mortars including Manufacturing:

• Goodyear to eliminate 7200 jobs - Feb 14 2001
• Dupont to Cut 4000 jobs - April 3 2001
• Putnam Fund to lay off 256 - April 11 2001
• LTV to lay off 800, close steel Mill - April 11 2001
• Philips to slash 6000 Jobs - April 17 2001
• Kodak to Cut at least 3000 Jobs - April 17 2001
• Unilever to cut 8000 more jobs - April 25 2001

Layoffs in Media and Entertainment Companies:

• AOL Time-Warner slashes 2400 jobs - Jan 24 1001
• Disney Lays Off another 135 after January's 400 - Feb 26 2001
• Disney to eliminate 4000 jobs - March 27 2001
• Sega Cuts workforce 28% - April 19 2001

Layoffs in High-Tech Companies:

• Lucent Cuts 10,000 jobs - Jan 24 2001
• Verizon to cut 10,000 jobs - Feb 8 2001
• Motorola to Trim another 4000 jobs - Feb 10, 2001
• Nortel Boosts Job Cuts to 10,000 - Feb 15 2001
• Dell Laying off 1700 in Texas - Feb 15 2001
• Worldcom lays off 6000 workers - Feb 27 2001
• Walmart.com cuts 10% of staff - Feb 27 2001
• JDS Uniphase Falls after laying off 3000 - Feb 27 2001
• Buy.com cuts 125 jobs - Feb 28 2001
• 3Com to Lay Off 1200 - Feb 26 2001
• Cisco to Cut up to 5000 jobs - March 9 2001
• Compaq to lay off 5000 - March 15 2001
• Motorola to cut 7000 more jobs - March 14, 2001
• Oracle plans to slice 900 jobs - March 21 2001
• Conexant to cut 1500 jobs - March 26 2001
• Nortel to lay off 5000 more - March 28 2001
• Delphi to Cut 11,500 jobs - March 19 2001
• Ingram-Micro to Cut 470 jobs - March 4 2001
• Tech Firms Nationwide announce Layoffs - April 4 2001
• Cisco to Cut 8,500 Jobs, 17% of workforce - April 16 2001
• Hewlett-Packard to Cut 3,000 Jobs - April 18 2001
• Nortel axes 5,000 more - 20,000 now total - April 20 2001
• Siemens Cuts 3500 more jobs - April 26 2001

Layoffs in Internet Companies:

• 1300 Layoffs at Amazon.com - Jan 31 2001
• Bay Area Dot Coms Cut 2100 more - Feb 6 2001
• CNET to Cut Workforce by 10% - Feb 7 2001
• InfoSpace cuts 250 staffers - Feb 6 2001
• Motley Fool lays off 115 workers - Feb 9 2001
• Stamps.com Cuts Staff in Half - Again - Feb 7 2001
• Dot Com Layoffs Hit Record High in January - Feb 7 2001
• 11,645 dot com workers layed off in February - Feb 27 2001
• Critical Path Lays off 450 and President - April 10 2001
• 24/7 Cuts 100 jobs, shuts offices - April 12 2001

Closures

• EToys Fires Staff, Sets April Shutdown - Feb 6 2001
• Garden Botanika Closing Up Shop - Feb 9, 2001
• Lechter's to Close 166 Stores - Feb 10 2001
• Icebox.com Closes - Feb 9 2001
• Work.com to cease operations in March - March 12 2001
• Kozmo.com shuts down, lays off 1100 - April 16 2001
• NBC Pulls Plug on NBCi - April 10 2001

Bankruptcies

• eToys to File for Bankruptcy, Stock Worthless - Feb 26 2001
• etoys.com files Chapter 11 Bankruptcy - March 7 2001
• Jobs.com files Chapter 11 - March 19, 2001
• Homes.com files for bankruptcy - March 26 2001
• MarchFirst Files Bankruptcy - April 13 2001
• Audiohighway.com Files Chapter 11 - April 19 2001
• WinStar files bankruptcy - April 18 2001

What's next?
When layoffs, closures and bankruptcies occur, and stocks tumble, consumer confidence and trust drops, and ultimately people limit spending. Then we all face hard times.

When the US economy falters, it effects the entire World.

Our mission is to provide the highest level of real Consumer Confidence and Trust in all Organizations, help people understand how severe the situation is becoming, and show people what they can do right now to help put the Internet back on solid ground and avoid further problems. We cannot afford to step back, we must move forward again.

Please tell your friends, colleagues and associates about us and our mission to help save the economy.
Send this page to them.

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