Breakaway Solutions continues to trim its staff and close offices pending the release of its fourth-quarter financial report.
The company filed for an earnings extension after holding a brief call with analysts in February to say that fourth-quarter revenue would fall short of expectations.
The company's latest attempt to cut costs includes the layoff of 200 employees on Friday and the closing of its London and Denver offices. The company is also moving its headquarters from Maynard, Mass., to Philadelphia and is turning its Fort Lauderdale, Fla., solution center into a sales office.
Last month, Bill Loftus replaced Gordon Brooks as CEO. Brooks left Cambridge Technology Partners in 1998 to form Breakaway.
The company also closed a $33 million round of funding with SCP Private Equity Partners and Internet Capital Group Friday.
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