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Razorfish's Dachis steps down, company reports narrower Q1 loss

Published on .

New York--Razorfish Inc. CEO Jeffrey Dachis has ceded his title to Jean-Philippe Maheu, formerly Razorfish's COO. Dachis will assume the title of co-chairman. The company this week reported a first-quarter loss of $6.6 million, compared with a loss of $6.5 million during the year-earlier period. In February, Razorfish announced it would fire 400 people, or 20% of its work force. Its stock price was trading around $1.37 at deadline Friday, off a 52-week high of $23.63.
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