Small-business credit card provider Advanta has announced that Vice President and Chief Accounting Officer David Weinstock will be terminated, due to the company reducing its workforce. Effective Sept. 1, Chief Financial Officer Philip Browne will assume Weinstock’s duties.

Advanta, which continues to suffer mounting losses, said the job cuts are designed to “reduce expenses to levels commensurate with its current activities.” During the first quarter of 2009, the company said it reduced its workforce by approximately 300 employees (35 percent). In addition, the company plans to cut 200 more jobs by the end of the third quarter of 2009.