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CalAmp To Cut About 8% Employees Across Various Functions Amid Restructuring Plan

RTTNews | il y a 744

CalAmp To Cut About 8% Employees Across Various Functions Amid Restructuring Plan

(RTTNews) - Connected intelligence company CalAmp (CAMP) announced on Friday that it initiated a restructuring plan to reduce approximately eight percent of its employees across various functions.

The Company implemented these actions to realign its operations to be more consistent with its Software and Subscription Services or S&SS, business model.

The company noted that these actions do not impact its sales initiatives and will help support its transition while also securing new customers around the world.

"We value our employees highly and considered this initiative carefully, but we believe it was necessary to help accelerate our business model conversion, address our legacy cost structure and drive higher profitability as a Software and Subscription Services business," said Jeff Gardner, CalAmp's president and CEO.

Tags: CAMP

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China Shares May Open Under Water On Monday

China Shares May Open Under Water On Monday

The China stock market has moved higher in consecutive trading days, improving more than 70 points or 2.2 percent along the way. The Shanghai Composite Index now rests just above the 3,300-point plateau although it may spin its wheels on Monday.

RTTNews | il y a 5h 28min

Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Monday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,500.00 level, with weakness in technology and financial stocks partially offset by gains in gold miners and energy stocks.

RTTNews | il y a 5h 31min

Australia Building Consents Rise 0.7% In December

Australia Building Consents Rise 0.7% In December

The total number of building permits issued in Australia was up a seasonally adjusted 0.7 percent on month in December, the Australian Bureau of Statistics said on Monday - coming in at 15,174.

RTTNews | il y a 5h 51min

Taiwan Shares Seen Lower On Profit Taking

Taiwan Shares Seen Lower On Profit Taking

The Taiwan stock market has moved higher in four straight sessions, advancing more than 760 points or 3.4 percent in that span. The Taiwan Stock Exchange now rests just beneath the 23,480-point plateau although investors may lock in gains on Monday.

RTTNews | il y a 5h 58min

Japan Overall Bank Lending Climbs 3.0% On Year In January

Japan Overall Bank Lending Climbs 3.0% On Year In January

Overall bank lending in Japan was up 3.0 percent on year in January, the Bank of Japan said on Monday - coming in at 635.707 trillion yen.

RTTNews | il y a 6h 15min

Japan Has Y1.077 Trillion Current Account Surplus

Japan Has Y1.077 Trillion Current Account Surplus

Japan posted a current account surplus of 1.077 trillion yen in December, the Ministry of Finance said on Monday - up 17.8 percent on year.

RTTNews | il y a 6h 21min

Singapore Stock Market Tipped To Open To The Downside On Monday

Singapore Stock Market Tipped To Open To The Downside On Monday

The Singapore stock market has moved higher in two straight sessions, collecting more than 45 points or 1.3 percent along the way. The Straits Times Index now sits just above the 3,860-point plateau although it may be stuck in neutral on Monday.

RTTNews | il y a 6h 28min

Malaysia Stock Market May Run Out Of Steam On Monday

Malaysia Stock Market May Run Out Of Steam On Monday

The Malaysia stock market has moved higher in four straight sessions, gathering more than 35 points or 2.3 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,590-point plateau although the rally may stall on Monday.

RTTNews | il y a 6h 58min

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