PR-Inside.com: 2023-03-24 12:30:20
VANCOUVER, BC / ACCESSWIRE / March 24, 2023 / AMPD Ventures Inc. (CSE:AMPD)(OTCQB:AMPDF)(FRA:2Q0) (“AMPD” or the “Company”) announces at it has laid off seven employees at its AMPD Technologies (Canada) Inc. (“Technologies”) subsidiary, effective March 23rd, 2023.
This layoff, representing approximately 60% of the Technologies staff, is the beginning of the Company’s restructuring and focus on significant expense reductions without impeding the Company’s ability to service its existing clients and grow its business.
As previously released on March 15, 2023, AMPD is committed to reducing monthly expenses and strengthening the company in its endeavour to be cash flow neutral this summer. The Company is continuing to evaluate each business to effectively cut additional costs while maintaining the…
