InfoSpace Hits Low on Job Cuts
InfoSpace
(INSP)
was down 11.8% in midmorning after striking a 52-week low of $3.66.
The online information company late Monday said it would cut 20% of its work force, or 250 jobs, as part of plan to refocus on high-growth parts of its business.
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The stock is down from a 52-week high of $138.50.
