SAN FRANCISCO — MarketWatch.com Inc. said it will cut more than 15% of its employees and extend its cost-cutting program to further reduce discretionary spending in areas such as marketing, travel and entertainment and contract services.
The financial-news publisher expects savings of more than $9 million, excluding an unspecified restructuring charge in the second quarter.
“Our focus is on maintaining MarketWatch.com as the No. 1 financial news and information source on the Internet while achieving our financial goal of generating positive cash flow by the end of this year,” Larry Kramer, MarketWatch.com’s
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