LOUISVILLE, Ky., March 09, 2018 (GLOBE NEWSWIRE) — CafePress Inc. (NASDAQ:PRSS) a leading retailer of personalized products offering a wide variety of expressive gifts and accessories, (CafePress or the Company), today announced changes to its executive leadership team and Board of Directors.
The Company is undertaking another restructuring initiative and is revising its previously announced estimated reductions in normalized, annual fixed costs and software development spending to $7 million from the previously announced $4 million. The Company indicated that this further 7% reduction in headcount is tailored to unify and simplify its organization and improve business performance, profitability, cash flow generation and producti…
Read the full article at: https://globenewswire.com/news-release/2018/03/09/1420119/0/en/CafePress-Inc-Announces-Additional-Restructuring-and-Changes-to-its-Leadership-Team-and-Board-of-Directors.html