Calamp Corp.

NASDAQ:CAMP   4:00:00 PM EDT
3.48
+0.01 (+0.29%)
Debt Financing / Related, Layoffs, Restructuring / Reorganization

Calamp Announces Restructuring Plan To Accelerate Conversion To A Software And Subscription Services (S&SS) Business Model

Published: 01/27/2023 13:01 GMT
Calamp Corp. (CAMP) - Calamp Announces Restructuring Plan to Accelerate Conversion to a Software and Subscription Services (s&ss) Business Model.
Calamp Corp - Restructuring Plan to Reduce Approximately Eight Percent of Its Employees.
Calamp Corp - Initiated a Restructuring Plan to Reduce Approximately Eight Percent of Its Employees Across Various Functions.
Calamp Corp - Implemented Actions to Realign Its Operations to Be More Consistent With Its S&ss Business Model.
Calamp Corp - Actions Do Not Impact Sales Initiatives.