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Dot.com layoffs
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June 9, 2000: 12:36 p.m. ET
Salon.com and APBNews.com announced cutbacks this week
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NEW YORK (CNNfn) - Many people who flocked to Internet startups in the hopes of making it rich are finding their dreams aren't panning out.
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VIDEO
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Just this week alone, the online magazine Salon.com said it's laying off 9 percent of its staff, and the crime news Web site APBNews.com fired its 140 employees.
And as Fred Katayama reports, more layoffs are expected. 
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