YuMe sets 3% workforce cuts to focus European operation [Seeking Alpha]
YUME INC (YUME)
US:NYSE Investor Relations:
investors.yume.com/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
YuMe sets 3% workforce cuts to focus European operationYuMe (NYSE:YUME) -- still on track to be acquired by RhythmOne -- says it plans to cut its workforce by 3% by year-end as part of a restructuring.According to thecompany's 8-K filing, that plan will focus on its UK operations. The company expects it will save $0.4M-$0.6M in Q4.The move (primarily a workforce reduction and real estate consolidation in the UK) will focus its European operations on its programmatic business, the company says.Now read:RhythmOne Will Acquire YuMe For $185 Million »
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