LiveRamp announced a workforce restructuring that impacted approximately 65 full-time employees, representing 5% of its total full-time workforce. This strategic move is part of a broader effort to refine the company's focus and enhance operational efficiency.
The restructuring aims to strengthen and increase profitability by simplifying business processes and optimizing resource allocation. The company expects to incur $6.5 million in restructuring and related charges, primarily associated with employee severance and benefits.
This initiative reflects LiveRamp's commitment to disciplined cost management and growth investments, as it navigates the evolving market landscape. The company is focused on ensuring long-term shareholder value creation through a more streamlined and efficient operational structure.
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