PlanetOut to cut 15% of workforce
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From Times Staff and Wire Services
PlanetOut Inc., publisher of Out magazine and the Gay.com website, plans to cut about 15% of its workforce in a restructuring to reduce costs.
Severance payments will cost as much as $600,000, and closing offices in Buenos Aires and London will require as much as $100,000, the San Francisco company said in a regulatory filing.
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