In less than a year and a half Lycos' plans for a network of 10 offices across the Asian region have been scrapped. The portal has laid off 200 staff, keeping only its Shanghai and Singapore offices open.
Malaysia, The Philippines, Thailand, Indonesia and India will now be serviced from Singapore, while Taiwan and Hong Kong will be operated from Shanghai.
The company told the South China Morning Post that content would still be localised.
Earlier this year Lycos Asia paid about $13m to buy Myrice.com, a network of more than 30 youth-focused portals in China.
Lycos Europe last month gave a quarter of its staff, some 300 workers, their notice in an effort to cut costs.
The internet firm lost £25m for the three months to the end of June, and hopes that the cost-cutting measures will see it trim losses to between £6m and £9m for the same period in 2002.
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