- AMPD Ventures (AMPD) has laid off seven employees at its AMPD Technologies (Canada) subsidiary
- The layoffs represent 60 per cent of the subsidiary’s staff and mark the beginning of restructuring efforts to facilitate future growth
- The subsidiary remains focused on delivering on multiple deals in its pipeline
- AMPD Ventures offers a suite of tools and technologies for digital content creation and distribution
- AMPD Ventures (AMPD) last traded at $0.05 per share
AMPD Ventures (AMPD) has laid off seven employees at its AMPD Technologies (Canada) subsidiary.
The layoffs represent 60 per cent of the subsidiary’s staff and mark the beginning of AMPD’s restructuring and focus on significant expense reductions to facilitate future growth.
AMPD is evaluating each component of its operations to cut additional costs with the goal of becoming cash flow neutral this summer.
“These layoffs are in no way a reflection of the dedication or commitment to AMPD Technologies from the team members affected and I would like to thank each of them for their contribution made to date,” stated CEO, James Hursthouse. “AMPD Technologies has a number of deals in its pipeline, and we are ensuring we can close them and still grow organically in light of the cuts being made.”
AMPD Ventures offers a suite of tools and technologies for digital content creation and distribution.
AMPD Ventures (AMPD) last traded at $0.05 per share.
