Brief: Snipp says cutting workforce by 20 pct

Snipp Interactive

01/03/2016 12:15

March 1 (Reuters) - Snipp Interactive Inc  SPN.V : 
 * Announces US$ 2.5 million global cost savings and integration plan 
 * Says cutting workforce by 20 percent 
 * Consolidation of its three engineering teams into one team under the 
   direction of snipp's recently appointed CTO 
 * Cost reductions are result of a strategic redesign of its business following 
   the two acquisitions that Snipp carried out in 2015 
 
  Source text for Eikon  urn:newsml:reuters.com:*:nMKWhwm5wa 
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