InvestorForce is eliminating 40 jobs in an effort to streamline the...

InvestorForce is eliminating 40 jobs in an effort to streamline the online search service and refocus its efforts on marketing and distribution, said Jim Morrissey, president and CEO. He said most of the layoffs are in the technology development area. He denied reports that some senior executives would be included in the cutback, but acknowledged that Scott Burney, co-head of InvestorForce’s hedge fund program, resigned recently following a disagreement over who should manage the hedge fund program.