Brief: Veritone Inc - Amazon Has Notified Co That It Made A Decision To Reduce Its Consumption Of Co's Human Resources Products And Services

Veritone

31/05/2023 13:06

May 31 (Reuters) - Veritone Inc  VERI.O :
    * VERITONE INC - AMAZON HAS NOTIFIED CO THAT IT MADE A
DECISION TO
REDUCE ITS CONSUMPTION OF CO'S HUMAN RESOURCES PRODUCTS AND
SERVICES
    * VERITONE INC - BELIEVES THAT DECISION BY AMAZON WILL
RESULT IN
REDUCTION IN Q2 REVENUE OF ABOUT $4.0 MILLION TO $5.0 MILLION
    * VERITONE INC - AS A RESULT OF AMAZON DEVELOPMENT, CO HAS
BEGUN
TO TAKE ACTION TO REDUCE ITS OPERATING COST STRUCTURE
    * VERITONE INC - COMPANY IS WITHDRAWING ITS GUIDANCE FOR THE
SECOND QUARTER AND FULL YEAR 2023


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