Cuts Headcount

Share this content:, an Internet-based mailing and shipping services company, has reduced its staff by 25 percent in a continuing effort to streamline operations and achieve profitability.

The Santa Monica, CA-based company cut 24 positions, leaving it with 72 employees. has cut its work force several times to reduce costs. also replaced its interim president and chief executive, Bruce Coleman. The company's chief financial officer, Ken McBride, will assume those positions.

" remains committed to maximizing shareholder value. Today's employee reductions accelerate the company's timetable for achieving cash flow breakeven," said McBride, who has been CFO of since October 2000.

In July, reported a second-quarter net loss of $30.8 million, compared with a net loss of $52.3 million, for the same quarter a year ago.


Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above