Brief: Calamp Announces Restructuring Plan To Accelerate Conversion To A Software And Subscription Services (S&SS) Business Model

CalAmp

27/01/2023 12:56

Jan 27 (Reuters) - CalAmp Corp  CAMP.O :
    * CALAMP ANNOUNCES RESTRUCTURING PLAN TO ACCELERATE
CONVERSION TO
A SOFTWARE AND SUBSCRIPTION SERVICES (S&SS) BUSINESS MODEL
    * CALAMP CORP - RESTRUCTURING PLAN TO REDUCE APPROXIMATELY
EIGHT
PERCENT OF ITS EMPLOYEES
    * CALAMP CORP - INITIATED A RESTRUCTURING PLAN TO REDUCE
APPROXIMATELY EIGHT PERCENT OF ITS EMPLOYEES ACROSS VARIOUS
FUNCTIONS
    * CALAMP CORP - IMPLEMENTED ACTIONS TO REALIGN ITS
OPERATIONS TO
BE MORE CONSISTENT WITH ITS S&SS BUSINESS MODEL
    * CALAMP CORP - ACTIONS DO NOT IMPACT SALES INITIATIVES

Source text for Eikon:  ID:nGNX65k9tL 
Further company coverage:  CAMP.O 
 ((Reuters.Briefs@thomsonreuters.com;;))