Moneyline Lays Off Twenty but Is In the Process of Hiring Others

ORGANIZATION AND MANAGEMENT

NEW YORK--Moneyline, a provider of hosted electronic commerce applications and financial content, has laid off 20 people, CEO Jon Robson confirms. Robson declines to comment on who was cut, although he says most were based in the US. He adds that there are no plans to let anyone else go.

Robson says Moneyline, which raised $36 million from its second round of funding in December (IMD, Jan. 8), took the opportunity to re-examine the organization. "We got more capital and wanted to make sure we

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