updated 4/29/2004 5:42:54 PM ET 2004-04-29T21:42:54

Gateway Inc. is cutting another 1,500 jobs, or about 40 percent of its remaining work force, only a month after a similar cut.

The announcement Thursday came as Gateway posted its 13th loss in 14 quarters.

The jobs will be eliminated by year's end, chief executive Wayne Inouye said. The layoffs will leave the computer seller with about 2,000 employees, down from its peak of nearly 25,000 employees in 2000. Earlier this month, the company shut all 188 of its stores.

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