BGSF (BGSF) said late Monday that it implemented a restructuring plan in Q4 that will reduce annual compensation and benefit expenses by about $5 million.
The company said it plans to implement more expense reductions in 2025 that are expected to result in savings of $2 million to $4 million.
Annual cash expenses will be reduced by about $800,000 in 2025 by moving development support to a near-shore operation, the company added.
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