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, a Web content provider targeting Hispanics, slashed 38 jobs, or about two-thirds of its work force, and is considering strategic alternatives, including a sale of the company.

Shares of the company were recently down 16.7%, or 6 cents, to 31 cents, after resuming trading on the

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The company, which went public in June 1999, said it was planning to sell one or more of its units, Real, and In addition, Quepasa will record a restructuring charge of about $730,000 in connection with the job cuts in its fourth quarter ending Dec. 31.

The company also released third-quarter financial results today, which showed a loss of $7.9 million, or 45 cents a share, compared with a loss of $8.3 million, or 58 cents a share, last year. Net revenue rose to $966,581 from $127,684 last year.