January 11, 2002
MIT's Media Lab Lays Off 29 Staff Members in 'Belt-Tightening'
The Massachusetts Institute of Technology's Media Laboratory -- known for its unusual approach to conducting and paying for cutting-edge research -- laid off 29 staff members in mid-December because it had been taking on new expenses faster than it could win money to support them, officials said.
Leaders of the high-profile lab, which employs about 500 people, said the layoffs would not stall any of its research projects or the development of its new European and Asian
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