Following our global cost efficiency announcement on 28 March 2024, Tecnotree has concluded its personnel-related restructuring, which started on March 14, 2024, and ended on May 02, 2024. This restructuring project encompassed personnel in Finland, India, Middle East, and rationalising the non-telco resources in North America, and has resulted in a total reduction of 116 employees.
In North America, Tecnotree terminated its TrustStar product offering to the American mortgage market resulting in savings of EUR 1.5 million in sales, marketing, and infrastructure expenses. The AI-ML resources working on TrustStar have now been refocused to the telco BSS AI-ML activities globally. The TrustStar business was an incubation business within Co…
Read the full article at: https://news.cision.com/tecnotree/r/tecnotree-completes-the-global-business-rationalisation-and-personnel-related-restructuring-,c3974206