Investment information and analysis site Motley Fool says it has cut 45 employees in its U.S. offices amid restructuring. The Alexandria, Va.-based company said 175 employees remaining in its U.S. offices; it will also lay off staff in its U.K. offices later this month. The affected employees will receive severance packages of at least one month's wages and outplacement resources. The company said restructuring will help it "align its resources around its core business."
In February, Motley Fool laid off 30 percent of its staff, or 115 employees from its U.S. and U.K. offices, despite raising $30 million from investors including Softbank, AOL Time Warner Ventures and the Mayfield Fund.