Dot-Com Job Cuts Rise In March - British study

The number of dot-com job cuts jumped up in March after declining for four straight months, according to the outplacement firm Challenger, Gray & Christmas.

The Challenger firm, which releases monthly statistics on layoffs by Internet companies, said the March total of 1,549 was up 131 percent from the 670 job cuts it tallied in February.

Despite the uptick, the March figure was lower than January's 1,802, and it was significantly less than the 9,533 job cut announcements Challenger recorded in March 2001.