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Stamps.com Lays Off 150

February 8, 2001

SANTA MONICA, Calif. (AP) _ Stamps.com, which sells postage over the Internet, has laid off 150 workers in an attempt to achieve profitability.

Stamps.com called Wednesday’s move a ``new start for a company with a strong market opportunity, significant resources and a growing customer base.″

The company said it has more than 300,000 corporate clients.

Stamps.com, founded in 1996, allows businesses and individuals to download and print U.S. postage and shipping labels from major carriers including Federal Express and United Parcel Service.

In October, Stamps.com laid off 240 workers and the chairman and chief executive of the company stepped down and was replaced by former U.S. Postmaster General Marvin Runyon as acting chairman.

Those layoffs came just a month before Mountain View-based EStamp Corp. announced it was getting out of the online stamp business it pioneered. EStamp laid off 36 employees _ about 30 percent of its work force. It said it would refocus its efforts to help other businesses order supplies over the Internet.

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