Asia Online cuts 56 jobs amid company reorganization

Asia Online cuts jobs, units to help move towards profits.

Asia Online, an internet services company, said it cut 56 jobs, or 6% of its workforce, as part of a reorganization aimed at speeding the company towards profitability.

The cuts come just weeks after the departure last month of chief executive Kevin Randolph. Randolph, who people familiar with the situation say left unwillingly, was replaced by Edward Roberto, former executive vice president of business development.

The job cuts are the first in a planned series of cuts that could shave more than 20% of the 914-strong workforce over the next few weeks. Roberto says the first round of cuts have mainly hit the Hong Kong corporate headquarters but that the company hasn't yet...

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