Aterian Reveals Fixed Cost Reduction Plan, Expects To Reduce Its Workforce By 21 Employees And 27 Contractors
Portfolio Pulse from Benzinga Newsdesk
Aterian announced a fixed cost reduction plan, aiming to cut its workforce by 21 employees and 27 contractors, expecting to save around $4.0 million annually.
February 14, 2024 | 9:33 pm
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Aterian's cost reduction plan involves workforce reduction, aiming for $4M annual savings.
Reducing operational costs by cutting workforce indicates a strategic move to improve financial health, which could be viewed positively by investors. The expected annual savings of $4M suggests a significant impact on the company's bottom line, potentially leading to a positive short-term impact on ATER's stock price.
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