Lycos Europe is laying off almost a quarter of its staff, some 300 workers, in an effort to cut costs.
The company said the restructuring was being made to reduce losses. France, Germany and Sweden will bear the brunt, and no UK jobs will go.
The internet firm lost £25m for the three months to the end of June and hopes that these measures will see it cut losses to between £6m and £9m for the same period in 2002.
Lycos said it wants to generate more income from ecommerce and mobile distribution channels in order to reduce its dependency on advertising revenues. The firm also hopes to reduce its marketing and network costs through eliminating overlaps created by recent acquisitions.
Lycos Europe has some 25 million users. Following the cuts, it will employ just under 1000 staff.
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