Brief: T Stamp Inc Says As Of August 23, 2022, Has Cut About 12% Of Its Employed And Contractor Workforce

T Stamp

23/08/2022 14:39

Aug 23 (Reuters) - T Stamp Inc  IDAI.O :
    * T STAMP INC - AS OF AUGUST 23, 2022, HAS CUT APPROXIMATELY
12%
OF ITS EMPLOYED AND CONTRACTOR WORKFORCE
    * T STAMP INC - 12% WORKFORCE CUT IS IN ADDITION TO PRIOR Q2
OF
2022 AND Q3 OF 2022 REDUCTIONS OF ABOUT 8% THROUGH ATTRITION AND
REORGANIZATIONS
    * T STAMP INC - IN ADDITION, REORGANIZATION IS EXPECTED TO
RESULT
IN NON-PERSONNEL SAVINGS IN EXCESS OF $0.5 MILLION
    * T STAMP INC- THE EFFICIENCIES ARE EXPECTED TO REDUCE THE
CO'S
OPERATIONAL BURN FOR THE ENSUING TWELVE MONTHS TO UNDER $2.0
MILLION

Source: [ID: https://bit.ly/3dMFWkg]
Further company coverage:  IDAI.O 

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