Gateway has begun laying off 17 percent of its 11,200-person staff and closing 76 of its retail stores, according to c|net. “The cuts are part of a previously announced plan to return the company to profitability this year. Before that profitability can happen, however, Gateway will suffer financial pain. Gateway expects the layoffs and other restructuring to cost between $75 million and $80 million, resulting in a loss of 62 to 66 cents per share, the company said in a statement, a loss larger than previously expected.”