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20% of Jobs to Go at Lycos

Reuters: Terra Lycos cuts more than 20 percent of U.S. staff

Terra Lycos SA (nasdaq: TRLY - news - people) on Wednesday cut more than 20 percent of its staff in the United States as it continues to try to reduce costs, a company spokeswoman said.

The Spanish Internet media giant, which has been grappling with the sharp slump in advertising spending, cut 147 jobs in the U.S. out of a staff of 649 people, the spokeswoman said.

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