Brief: BBTV Provides Update Following Cost Optimization Review

BBTV Holdings

16/06/2022 22:11

June 16 (Reuters) - BBTV Holdings Inc  BBTV.TO :
    * BBTV PROVIDES UPDATE FOLLOWING COST OPTIMIZATION REVIEW
    * BBTV HOLDINGS INC - COMPANY'S COST OPTIMIZATION PLAN HAS
RESULTED IN A WORKFORCE REDUCTION
    * BBTV HOLDINGS INC - COST OPTIMIZATIONS REFLECT A REDUCTION
OF
TOTAL HEADCOUNT BY APPROXIMATELY 14%
    * BBTV HOLDINGS INC - SHAREHOLDERS CAN EXPECT TO SEE
POSITIVE
IMPACT OF THESE INITIATIVES ON PERFORMANCE STARTING FROM Q3 2022
ONWARDS
    * BBTV HOLDINGS INC - COST OPTIMIZATION PLAN HAS ALSO
RESULTED IN
MORE FOCUSED RESOURCE ALLOCATION TOWARDS ITS KEY HIGH MARGIN
REVENUE DRIVERS

Source text for Eikon:  ID:nPn6DFCC9a 
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