Sometimes once isn't enough.
Walt Disney Internet Group
said today it has cut 135 additional jobs in an attempt to move closer to profitability.
The company will have about 1,500 employees after the latest staff reduction. The Internet arm of entertainment giant
said most of the cuts would affect
. Staff members from operations, technology, marketing, sales support, administration and human resources in the North Hollywood, Seattle and New York offices will lose their jobs.
Disney Internet has offered the former employees outplacement assistance and severance based on their length of service. This is the second round of layoffs for the beleaguered Internet venture. Last month, the Disney Web portal
as were 400 employees.
Shares of Disney Internet ended
New York Stock Exchange
trading at $5.96, up 16 cents, or 2.8%.