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PROVO, Utah (AP) -- Orem software seller iMergent has laid off one-fifth of its total work force this week.
The company's sales have suffered in part because of national and local government questions over its business practices. Don Danks, iMergent's chief executive, says the layoffs are aimed at cutting its operating expenses between 15 percent and 20 percent.
He says the move is expected to deliver savings of about $1 million annually. Most of the layoffs occurred in sales, general administration and support.
The company has run into problems with states that want it register as a business opportunity seller. The company says it sells tools for businesses, not business opportunities.
Information from: The Daily Herald
(Copyright 2007 by The Associated Press. All Rights Reserved.)