Youbet.com Slashes 34 Jobs

11/28/00 - 08:14 AM EST

Eric Gillin

Hey, the Internet is a gamble. Online wagering company Youbet.com (UBET Quote - Cramer on UBET - Stock Picks) announced some losses Monday -- the company said it would slash its workforce by 29% and announced the resignation of its president and chief operating officer A.L. Frank. Thirty-four employees got the ax.
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