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Ask Jeeves Inc. plans to lay off 75 employees, or about 15% of its work force, in another move to reduce expenses.
The Internet search service announced the layoffs as part of its first-quarter financial report. Ask Jeeves (ASKJ) said its net loss for the period narrowed to $39 million, or $1.09 a share. In the year-earlier quarter, the company had a net loss of $47.2 million, or $1.48 a share.
Excluding stock-based compensation, amortization of goodwill associated with acquisitions and one-time items, the company’s loss from operations also narrowed, to $14.4
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