Tuesday, January 20, 2009

1Q earnings released

First-quarter earnings were released today, and stock fell 13.89 percent to close at 31 cents a share.

CEO Mary Junck says the company is cutting costs, including 10 percent of its workforce. So far, I've counted up 122 layoffs since Jan. 1. Adda comment or send an e-mail if you know of other layoffs and/or outsourcing: lee.ent.watch@gmail.com.

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