"In this environment, we felt it was critical to put the company in the best position for the long term," CBD President Ray Hendrickson said. "It is very difficult to part with CBD staff members, but we are offering a generous severance package that takes into consideration each employee's length of service.

Although CBD had fared better than most in the industry, "it is important ... to position the company to be as healthy as possible," Hendrickson added. "Eliminating 7% of our current staff, we feel will right size our workforce and position us properly in the current environment."

The catalog arm of Christianbook.com, CBD is the largest religious catalog company in the world, sending out more than 60 catalogs to millions of customers each year, company officials said. CBD's customers have access to more than 200,000 books, Bibles, CDs, DVDs, gifts, toys and games.

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