By Katherine Hamilton
Cambium Networks plans to cut 55 jobs as part of a plan to cut costs.
The Wi-Fi provider said Tuesday it is aiming to better align its cost structure and business activities with weaker market demand.
Cambium expects to incur charges of $2.2 million, most of which will be recorded in the first quarter of 2025. The cuts are anticipated to be complete by the midpoint of the year.
As of December 2023, Cambium had 625 full-time employees, according to its annual report.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 25, 2025 17:28 ET (22:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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