Xpedior to Cut 32% of Staff, Closing Some Offices - TheStreet

Xpedior to Cut 32% of Staff, Closing Some Offices

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Xpedior

(XPDR)

, an Internet consultancy firm, said it was cutting about 380 jobs, or 32% of its work force, in a bid to streamline its business.

The Chicago-based company, which will also close several unprofitable offices, said it will record charges in the fourth quarter as a result of the restructuring moves, the impairment of certain assets and goodwill related to prior acquisitions.

Shares of Xpedior were recently down 19% to 56 cents, but have been as low as 25 cents today. The 52-week closing low is 63 cents.