The restructuring of the company is part of a move to reduce costs. The changes come at the same time when the two-year old company has managed to secure shareholder approval of a $33-million equity investment. Among the funding participants are Philadelphia-based SCP Private Equity Partners and Wayne, PA-based Internet Capital Group.

Breakaway made headlines in January when, six weeks after it moved into its new offices on the South Boston waterfront in World Trade Center East, the company put those 100,000 sf back on the market. It was the first in a series of sublease space that was dumped by high-tech companies in a short period of time and the move sent shock waves through Boston, a market of notoriously low vacancies. Breakaway relocated its headquarters here and the Trade Center space was eventually taken back by the building and is still available.

A month later, Breakaway laid off 108 employees, which followed two earlier layoffs, one in October and another in December. After this latest round of dismissals, the company is reportedly down to 400 employees. A center in Florida will become the regional sales office.