Job losses and a streamlining of operations are part of a $5 million annualised saving plan announced by SeaChange International.
The video tech firm said savings have already been taken into account in the financial year that ended January 31.
SeaChange CEO Raghu Rau said in a statement, “As we realign our resources to focus on delivering on customer commitments, we have targeted operating cost reductions as well as some facility rationalisation. It is important to note, however, that our commitment to research and development remains strong and we continue to invest heavily in innovative, next generation solutions that will provide significant competitive advantage to our customers.
Rau stepped in as CEO in December following the retirement of founder Bill Styslinger.
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