LiveOne Aims Additional Cost And Expense Reductions; To Cut Addl. 25% Staff By Year-End

RTTNews | 615日前
LiveOne Aims Additional Cost And Expense Reductions; To Cut Addl. 25% Staff By Year-End

(RTTNews) - Technology platform LiveOne, Inc. (LVO) announced Thursday that as part of its focus on profitability and generating cash from operations on a consolidated basis, LiveOne is implementing additional cost and expense reductions of $7.5 million to $10 million from both operations and corporate overhead. The company plans to cut an additional 25% of Staff by Year-End with a continued focus on utilizing Artificial Intelligence.

These actions are anticipated to increase the previously implemented annual cost savings to a total of over $40 million.

The company said it has already successfully reduced costs and overhead by an expected $30 million on an annual basis over the past two years, while focusing on the operating performance of our Audio Division.

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New Zealand Trade Data On Tap For Thursday

New Zealand Trade Data On Tap For Thursday

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RTTNews | 42分前
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Swiss Market Ends On Firm Note

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RTTNews | 5時5分前
European Stocks Closed On Mixed Note

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RTTNews | 5時20分前
Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

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RTTNews | 9時51分前