Oversee Cuts Jobs

Los Angeles-based, the operator of domain name and online marketing businesses, reported this morning that it has cut its workforce by 13 percent. According to the firm, the realignment is a part of a plan to address new growth opportunities. did not detail its exact plans. The shift comes as former CEO Jeff Kupietzky departs the firm for Israel, and the firm turned over management to Scott Morrow and Debra Domeyer. owns and monetizes domain names, operating a number of domain related businesses. The firm also has a number of online lead generation and online marketing sites.