The rapid reversal in mood has reawakened memories of the dotcom bust in 2001.
The entrepreneurs making the cuts, however, claim a much greater sense of realism than was shown during the first great internet shake-out, when many web companies reacted too late to the downturn.
“It's the need to get profitable immediately. We're heading for some tough times,” said Iggy Fanlo, chief executive of AdBrite, an online advertising network that made 40 of its 100 employees redundant last week.
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