Overstock lays off 50 workers

Utah-based online retailer Overstock.com announced Tuesday it would cut 3 percent of its total workforce. Headquartered in Salt Lake City, the company also known as O.co, laid off about 50 employers from its nearly 1,500-person Utah workforce. O.co president Jonathan Johnson said the across-the-board cuts were the result of cost-saving measures. Deseret News