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PARA — Parabolic Technologies News Story

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Brief: Banzai International Announces Operating Cost Reduction To Raise Operating Profits By $5.5 Million Annually

BRIEF-Banzai International Announces Operating Cost Reduction To Raise Operating Profits By $5.5 Million Annually

- Banzai International Inc BNZI.O:

  • ANNOUNCES OPERATING COST REDUCTION INITIATIVE TO IMPROVE OPERATING PROFITS BY $5.5 MILLION ANNUALLY

  • COST SAVINGS FROM CONSULTANT, PROFESSIONAL SERVICES, AND HEADCOUNT REDUCTIONS

  • ACTIONS EXPECTED TO REDUCE OPERATING CASH BURN BY ABOUT 40%

Source text: ID:nGNX4MvcTv

Further company coverage: BNZI.O


((Reutersbriefs@thomsonreuters.com;))

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