The company is one of the leading Web development firms offering such services as strategic consulting, Web site design, and application integration. It focuses on large clients in the financial services, retail goods, manufacturing, and travel industries, such as British Airways, FleetBoston, and General Electric. The next year iXL agreed to merge with rival Scient. The all-stock transaction allows shareholders of Scient to receive 0.31 shares of the new company for every share held, likewise, shareholders of iXL get 0.25 shares. Expecting the reduction in staff to be temporary and plannning to recruit for other positions in the near future.
Layoffs mostly affect Web building positions.
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