KORE Reports Second Quarter 2024 Results; Announces Restructuring Plan Focused on Driving Profitable Growth
KOREKORE(KORE) Prnewswire·2024-08-15 19:30

Ron Totton appointed President and CEO and to the KORE Board of Directors Restructuring estimated to generate gross cash savings of 5millionto5 million to 6 million in 2024 with a 4millionto4 million to 5 million one-time severance charge and 20millionto20 million to 22 million gross cash savings annually thereafter 2024 guidance updatedATLANTA, Aug. 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, ...