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

RTTNews | 614 gün önce

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.

Etiketler: LVO

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NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.

RTTNews | 47 dakika önce

European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.

RTTNews | 1s 9 dakika önce

China Leaves Benchmark Interest Rate Unchanged

China Leaves Benchmark Interest Rate Unchanged

The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.

RTTNews | 1s 18 dakika önce

European Shares Set To Open Lower After US Tech Selloff

European Shares Set To Open Lower After US Tech Selloff

European stocks are seen opening lower on Wednesday as investors fret about overheated tech valuations and U.S. government intervention in Intel.

RTTNews | 1s 40 dakika önce

U.S. Dollar Advances Against Most Majors

U.S. Dollar Advances Against Most Majors

The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday.

RTTNews | 2s 3 dakika önce

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | 2s 7 dakika önce

NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.

RTTNews | 2s 44 dakika önce

Sensex, Nifty Marginally Lower In Cautious Trade

Sensex, Nifty Marginally Lower In Cautious Trade

Indian shares were subdued on Wednesday as investors grappled with U.S.-India trade frictions.

RTTNews | 2s 51 dakika önce

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