Stamps.com Trims 25% of Its Staff
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Reuters
Stamps.com Inc. became the latest victim of the dot-com shakeout, saying it cut its staff by 25%, or 24 people, as it struggles to achieve profitability.
Stamps.com also said it had replaced its interim president and chief executive, Bruce Coleman. The company’s chief financial officer, Ken McBride, will assume those positions.
Stamps.com shares rose 12 cents to close at $2.42 on Nasdaq.
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