2023-03-06 09:16:28 ET
- Exela Technologies ( NASDAQ: XELA ) updated its 2023 operational performance improvement objectives.
- The company has identified additional savings to help restore historically higher margins relative to recent financial reporting periods and plans to right-size the organization in the face of continuing tight job markets and higher employee costs.
- The company expects savings in the range of $65 to $75M for 2023, including the initiatives announced in Q4 2022 which include headcount optimization, real estate reduction and increased cloud usage.
For further details see:
Exela Technologies updates 2023 operational performance improvement targets