Miva Cutting Work Force By 20%

Miva announced today it has a restructuring plan that calls for a 20% reduction in its workforce. The company that evolved from the merger of FindWhat and ESpotting a couple of years ago expects to complete layoffs by May 2007, according to an Adotas report today.

Miva CEO Peter Corrao said the work force reductions are “fundamental to achieving our turnaround goal for stabilizing cash and returning to positive operating margins.”

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