Identix Streamlines Operations with Reduction in Force

Friday 27 February 2004 11:58 CET | News

Identix Incorporated has streamlined its operations with a reduction in force of more than 30 full time equivalent job positions, or approximately six percent of its total workforce.

As a result of this improved efficiency, Identix expects to realize annual operational expense savings of more than $3.5 million starting in its fiscal 2005 year, which begins July 1, 2004. Identix said that it expects the net financial impact of this reduction in force to be modestly beneficial to net income for the remainder of its fiscal 2004 year ending June 30, 2004, when the anticipated operational expense savings are offset by the costs of severance payments.

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Categories: Payments & Commerce | Payments General
Countries: World
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