was up 10.2% in early trading, a day after announcing it will cut 220 employees, or 20% of its workforce, in a bid to save $30 million to $40 million. The email- and communications-software company also said it is reorganizing its staff and revising its compensation system.
Today, email- and messaging-software company
announced it would cut half its workforce, or about 190 people, as it reorganizes. The stock was down 20% after hitting a 52-week low of 88 cents.