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

RTTNews | 615 일 전

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.

태그 : LVO

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FTSE 100 Recovers From Early Weakness, Up Nearly 0.3%

FTSE 100 Recovers From Early Weakness, Up Nearly 0.3%

After opening slightly down and drifting further lower subsequently, the U.K. market has regained lost ground and is up in positive territory around noon on Wednesday.

RTTNews | 28 분 전

CAC 40 Flat In Lackluster Trade

CAC 40 Flat In Lackluster Trade

French stocks are exhibiting some weakness on Wednesday, after seeing a big upmove in the previous session. The mood is cautious with investors looking ahead to the Federal Reserve's annual Jackson Hole Symposium.

RTTNews | 51 분 전

Pound Rises As UK Inflation Hits 18-Month High

Pound Rises As UK Inflation Hits 18-Month High

The British pound strengthened against other major currencies in the European session on Wednesday, as the UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing.

RTTNews | 1 시간 4 분 전

Sensex, Nifty Extend Gains For Fifth Day

Sensex, Nifty Extend Gains For Fifth Day

Indian shares eked out modest gains on Wednesday, with underlying sentiment supported by the unexpected announcements relating to GST reforms and the recent progress in India-China ties.

RTTNews | 1 시간 6 분 전

DAX Drifts Lower In Cautious Trade

DAX Drifts Lower In Cautious Trade

The German market is notably lower on Wednesday, weighed down by losses in the defense stocks, amid rising optimism about a potential Russia-Ukraine peace deal. The focus is on the Federal Reserve's annual symposium in Jackson Hole, that gets underway on Thursday.

RTTNews | 1 시간 10 분 전

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Wednesday.

RTTNews | 1 시간 31 분 전

U.S. Dollar Rises Amid Reduced Bet On Fed Rate Cut, FOMC Minutes

U.S. Dollar Rises Amid Reduced Bet On Fed Rate Cut, FOMC Minutes

The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday, due to reduced bets on the U.S. Fed's more aggressive policy easing.

RTTNews | 1 시간 46 분 전

Yen Rises Amid BoJ Rate Hike Speculation

Yen Rises Amid BoJ Rate Hike Speculation

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, as traders expect that the Bank of Japan (BoJ) may raise interest rates by the end of the year in accordance with its policy normalization path.

RTTNews | 2 시간 10 분 전

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