Thursday, January 3, 2008

InfoSpace Cuts Staff

Bellevue-based InfoSpace said this morning that it cutting its staff, as part of a cost reduction plan. InfoSpace said that it is looking to reduce its costs by $7M to $9M, and charges of $7M to $8M, as a result of the restructuring. The firm also said it would focus on increasing traffic to its own search engines and expand its distribution network.