Vsource to Lay Off More Staff

Vsource Inc., which develops systems for Internet-based purchasing, said it will lay off 35 to 40 of its 50 employees and announced the resignation of two of its top executives. The news sent shares of Ventura-based Vsource plunging 84 cents, or 73%, to close at 31 cents on Nasdaq. The stock’s 52-week high is $52.