Pitney bowes provides update on accelerated progress of cost rationalization program and increases savings targets

Stamford, conn.--(business wire)--pitney bowes inc. (nyse: pbi) (“pitney bowes” or the “company”), a global shipping and mailing company that provides technology, logistics and financial services, today announced an update on the first phase of the company's cost rationalization initiative, which was previously announced in late may 2024. the company has identified and initiated approximately $70 million in cost savings, the majority of which has already been eliminated in the second quarter. a.
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