×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

infoUSA lays off 170 employees

Published on .

Omaha, Neb.--Database marketer infoUSA has laid off about 170 people in the U.S., 120 of whom were based in the company's Omaha headquarters.

The news follows Chairman-CEO Vin Gupta's comments about reducing costs, made in the company's first-quarter earnings report.

"Starting immediately, we will be trimming advertising and sales personnel expenses by approximately $1.2 million per month and expect that our EBITDA margins will return closer to historical levels of 28%," he said in the report.

Net income was down 36% to $4.4 million in the first quarter of 2004 compared with the same period last year.

--Carol Krol

Most Popular
In this article: