This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

infoUSA to Cut 325 Jobs, Close Some Operations

infoUSA (IUSA), a provider of business and consumer databases and sales and marketing services, cut 325 jobs, scaled back its Internet operations and eliminated underperforming divisions.

As a result of the moves, the company expects to improve profitability and earnings before interest, taxes, depreciation and amortization in 2001. The eliminated positions include administrative and support functions, as well as reductions in the executive staff for underperforming operations. The company will cut 63 job at its majority-owned Internet unit,

The company also said it expects to be profitable by the first quarter of 2001. infoUSA significantly reduced its investment in its other Internet companies and closed its division. The company also scaled back its division.

infoUSA expects to take a charge in the fourth quarter to cover severance expenses and other nonrecurring restructuring charges. The company last reported 1,985 employees, according to Market Guide.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%
YHOO $44.45 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs