Price-comparison site DealTime has laid off between 20 to 30 people from its R&D center in Israel, leaving it 200 workers world-wide.
In January 2001 the company let go 47 people, 32 from its R&D center in Israel and 15 from its U.S. headquarters.
"The company is growing and advancing toward profitability. Like most firms today, we are planning our future steps carefully," said Dealtime's chief executive in Israel, Eli Campo.
DealTime, which developed an Internet price research tool, today announced an agreement to provide Terra Lycos with its price-comparison platform for use on the Lycos shopping site. DealTime also has agreements with AOL-Time Warner (NYSE:AOL), Bertelsmann, and IWon, LookSmart, among others.
Amir Ashkenazi and Nahum Sharfman founded DealTime at the end of 1997. Shareholders include Bertelsmann (16.5%), AOL-Time Warner, Banc of America (NYSE:BAC), Singapore Telecommunications (SES:TELE.SI) and the Japanese Nomura.