Cuts Staff

Santa Monica, CA–Cataloger/online marketer will cut 36 jobs–about 20% of its workforce–as part of a program to achieve profitability. The job cuts will save the company about $3 million annually. “This is not a cost-cutting move for survival,” CEO/founder David Hodess said in a statement, “but one that makes business sense with the changing environment, as the capital markets today seek to invest in profitable companies.”