CREATION: More dotcom jobs slashed, closures continue

<p>Despite being listed as one of China's hottest Web portals, </p><p>Sohu.com slashed 126 jobs, about a fifth of its work force. The company </p><p>said in a statement the layoffs would be felt mainly in redundant </p><p>administrative and content production positions following its earlier </p><p>acquisition of Chinaren.com. </p><p><BR><BR> </p><p>In Hong Kong, TVB.com sacked 54 of its 150-strong workforce. </p><p><BR><BR> </p><p>The closure came just a week after media tycoon Jimmy Lai closed adMart, </p><p>his online shopping and delivery business, resulting in a loss of 344 </p><p>jobs because the company was unable to change old economy shopping </p><p>habits. </p><p><BR><BR> </p><p>Meanwhile, Asia Online layed off more staff and closed its operations in </p><p>the US and Canada. </p><p><BR><BR> </p>