halted trading in the shares of
earlier Wednesday and requested additional information from the company.
The Internet professional services firm had no comment on the reason for the stoppage, but a report earlier this week in
The New York Times
said the company was planning to cut its remaining staff in half, reducing its workforce by 3,500 jobs. "We have no official comment at this time," Kelly Miller, a spokeswoman for the company, said when asked about the possible layoffs.
The shares last traded at 16 cents. The 52-week high is $41.25, while the low for the last year is 13 cents.
"With this type of an extended halt, there's something a little unusual that the company needs to clarify for us," a spokesman for the Nasdaq said. He said that there is no timetable for the company to begin trading again. The spokesman said the shares will resume trading "based on how quickly they can provide the information we requested." He declined further comment, saying that the Nasdaq's policy is not to comment on the details of a trading halt.