The Flowr Corporation announced the completion of a significant corporate headcount reduction resulting in over $4 million in cost savings per year as well as an agreement to sell a non-core asset for aggregate gross proceeds of $3.4 million. The Company has completed a headcount reduction necessary in order to flatten its organizational structure and right-size SG&A with revenue. The Company has eliminated 40% of its workforce, largely in senior and middle management, resulting in an anticipated annual savings of over $4 million.
1st Jan change | Capi. | |
---|---|---|
+43.17% | 6.16B | |
-14.69% | 4.46B | |
-8.17% | 3.27B | |
+6.95% | 3.2B | |
-1.76% | 2.6B | |
+50.20% | 1.98B | |
-7.85% | 1.7B | |
-0.40% | 1.66B | |
-9.91% | 1.61B |