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Britannica.com Eliminating 68 Jobs

March 14, 2001

CHICAGO (AP) _ Online encyclopedia company Britannica.com Inc. is laying off 68 people, mostly from its corporate headquarters in Chicago, in its latest effort to reach profitability.

The company’s chief executive, Don Yannias, said the company also will step up its marketing of fee-based information services.

Britannica.com employed 220 people before the latest cuts, spokesman Tom Panelas said. He said the layoffs will begin this week and run through June.

The company has announced 152 layoffs since November, and a handful of executives have left and not been replaced.

Britannica.com is a free Web site launched in October 1999 that offers the complete contents of the Encyclopaedia Britannica as well as links to other content.

The cuts will not affect Encyclopaedia Britannica Inc., publisher of the well-known print encyclopedia.

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