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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.