Brief: Minim Cuts About 78% Of Its Workforce

FIEE

07/09/2023 23:25

Sept 7 (Reuters) - Minim Inc  MINM.O :
    * MINIM INC - ON SEPTEMBER 1, COMPANY IMPLEMENTED AN
APPROXIMATELY
78% REDUCTION IN ITS WORKFORCE
    * MINIM INC - REDUCTION REDUCED COMPANY'S WORKFORCE FROM 41
TO 9
FULL-TIME EMPLOYEES
    * MINIM INC - WITH REDUCTION IN WORKFORCE, CO ELIMINATED ITS
TEAMS
AND OPERATIONS FOR HARDWARE ENGINEERING, SOFTWARE ENGINEERING,
PRODUCT MANAGEMENT
    * MINIM INC - WITH REDUCTION IN WORKFORCE, CO ELIMINATED ITS
TEAMS
AND OPERATIONS FOR DEVELOPMENT, SALES AND MARKETING, CUSTOMER
AND TECHNICAL SUPPORT
    * MINIM- SUBSTANTIAL DOUBT EXISTS ABOUT OUR ABILITY TO
CONTINUE AS
A GOING CONCERN, AND WE WILL REQUIRE ADDITIONAL LIQUIDITY TO
CONTINUE OPERATIONS


Further company coverage:  MINM.O 

 ((Reuters.Briefs@thomsonreuters.com;))