Brief: Veritone Announces Restructuring Initiatives
21/02/2024 21:18
Feb 21 (Reuters) - Veritone Inc VERI.O :
* VERITONE ANNOUNCES RESTRUCTURING INITIATIVES
* VERITONE INC - WORKFORCE REDUCTION THAT WILL IMPACT
APPROXIMATELY 14% OF VERITONE'S WORLDWIDE WORKFORCE
* VERITONE INC - EXPECTS TO INCUR UP TO $2.0 MILLION IN
COSTS AND
EXPENSES AS A RESULT OF THESE REDUCTIONS
* VERITONE INC - MAJORITY OF THESE WORKFORCE ACTIONS BEING
COMPLETED BY END OF Q1 OF 2024
Source text for Eikon: ID:nBw5Q7d86a
Further company coverage: VERI.O
(Reuters.Briefs@thomsonreuters.com)
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