Inpixon gains on plan to implement job cuts to reduce costs

XTI Aerospace

22/09/2022 15:38

** Shares of Inpixon  INPX.O  up 5% at $0.13 in morning
trade
    ** INPX says it is reducing employee headcount by about 20%
to help reduce operating expenses  urn:newsml:reuters.com:*:nPn7bdHVJa
    ** Believe workforce reduction and other cost saving
initiatives are necessary and prudent given global economic
uncertainties, says CEO Nadir Ali
    ** INPX provides indoor mapping and security tools to
organizations
    ** Stock is down 78.5% YTD
 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))