Rosetta Stone to Exit Kiosks

Rosetta Stone (NYSE: RST  ) is to shutter its remaining kiosk locations in the U.S. According to the company, the decision "accelerates a transition to cloud-based learning solutions." The move comes two days after the company announced it bought online language-instruction provider Livemocha.

At the moment, the firm operates 56 kiosks spread throughout the U.S., most of which are located in shopping malls and airports. The closure will result in a headcount reduction of around 45 full-time and 200 part-time employees.

In the press release announcing the move, Rosetta Stone said that the kiosks had been contributing a shrinking proportion of the company's overall sales.


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