Epsilon Lays Off 60; Regroups With Web Focus

At least 60 staffers have been let go in an effort to reposition Epsilon, the database-marketing firm partially owned by American Express, as an Internet-based marketer.
Brought in to oversee the transformation was Corey Torrence, who was named CEO in November.
Torrence, formerly president at consulting firm Logica in Lexington, Mass., was appointed by Epsilon’s board of directors to replace Bob Mohr, who remains board chairman.
Carl Whittaker, named strategy chief by Torrence, last week confirmed that less than 10 percent of the staff was cut, reducing the overall number of employees to 700.