Launch Media pinkslips 50

Cyberbiz Brief

Internet portal Yahoo! said Tuesday that it is firing 50 staffers from online music service Launch Media, which it acquired last week for $12 million in cash. Yahoo! said it will take a charge against earnings this quarter for severance and other acquisition-related costs. Santa Monica-based Launch cut 14 workers last week. Another 36 jobs will be eliminated by year’s end. Launch Media previously employed 175.

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