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Juno Online Services Inc. reported a narrower-than-expected first-quarter net loss and said it cut about 40 jobs this month, leaving the firm with 259 employees world-wide.
Juno said the job cuts came as it scaled back selected departments and moved certain functions to its Hyderabad, India, office.
Juno said its net loss was $9.6 million, or 23 cents a share, compared with a loss of $47.6 million or $1.28 cents a share, a year earlier.
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