This equates to about 4.4% of CNet’s employees and will effect workers in the U.S., according to a document filed with the Securities and Exchange Commission, reports the AP.

Investors have been unhappy for some time that although the sites under CNet are among the most popular globally; the firm’s profits have not been up to par.

Layoffs will be effective immediately and will cost the company about $3.8 million in severance pay, outplacement and other expenses.