LiveOne Aims Additional Cost And Expense Reductions; To Cut Addl. 25% Staff By Year-End

RTTNews | 1020 hari yang lalu
Stocktwits
LiveOne Aims Additional Cost And Expense Reductions; To Cut Addl. 25% Staff By Year-End

(RTTNews) - Technology platform LiveOne, Inc. (LVO) announced Thursday that as part of its focus on profitability and generating cash from operations on a consolidated basis, LiveOne is implementing additional cost and expense reductions of $7.5 million to $10 million from both operations and corporate overhead. The company plans to cut an additional 25% of Staff by Year-End with a continued focus on utilizing Artificial Intelligence.

These actions are anticipated to increase the previously implemented annual cost savings to a total of over $40 million.

The company said it has already successfully reduced costs and overhead by an expected $30 million on an annual basis over the past two years, while focusing on the operating performance of our Audio Division.

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China Shares May Turn Lower Again On Wednesday

China Shares May Turn Lower Again On Wednesday

The China stock market on Tuesday snapped the three-day losing streak in which it had slumped more than 120 points or 4.1 percent. The Shanghai Composite Index now sits just above the 3,830-point plateau although it may head south again on Wednesday.
RTTNews | 7 menit yang lalu
Taiwan Shares May Open Under Water Again On Wednesday

Taiwan Shares May Open Under Water Again On Wednesday

The Taiwan stock market has finished lower in two straight sessions, dropping more than 525 points or 1.2 percent in that span. The Taiwan Stock Exchange now sits just above the 47,630-point plateau and it's expected to open in the red again on Wednesday.
RTTNews | 37 menit yang lalu
Japan Retail Sales Gain 2.7% On Year In August

Japan Retail Sales Gain 2.7% On Year In August

The value of retail sales in Japan was up 2.7 percent on year in August, the Ministry of Economy, Trade and Industry said on Wednesday - coming in at 13.052 trillion yen.
RTTNews | 59 menit yang lalu
Japan Industrial Output Sinks 1.7% In August

Japan Industrial Output Sinks 1.7% In August

Industrial production in Japan was down a seasonally adjusted 1.7 percent on month in August, the Ministry of Economy, Trade and Industry said on Wednesday.
RTTNews | 1 jam 6 menit yang lalu
Singapore Stock Market May Extend Tuesday's Losses

Singapore Stock Market May Extend Tuesday's Losses

The Singapore stock market on Tuesday ended the two-day winning streak in which it had risen more than 45 points or 0.8 percent. The Straits Times Index now sits just shy of the 5,715-point plateau and it may spin its wheels again on Wednesday.
RTTNews | 1 jam 7 menit yang lalu
Overbought Malaysia Bourse Called Lower Again On Wednesday

Overbought Malaysia Bourse Called Lower Again On Wednesday

The Malaysia stock market has moved lower in five straight sessions, slumping more than 40 points or 2.5 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,640-point plateau and it's expected to open under pressure again on Wednesday.
RTTNews | 1 jam 37 menit yang lalu
Japan Stock Market May Open Under Pressure On Wednesday

Japan Stock Market May Open Under Pressure On Wednesday

The Japan stock market has moved lower in two straight sessions, tumbling almost 900 points or 1.3 percent in that span. The Nikkei 225 now sits just above the 65,480-point plateau and it may take further damage on Wednesday.
RTTNews | 1 jam 52 menit yang lalu
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