Veritone announces restructuring initiatives

Denver--(business wire)--veritone, inc. (nasdaq: veri), a leader in enterprise ai software and solutions, today announced that it has implemented various restructuring initiatives with the purpose of optimizing veritone's organizational structure and accelerating its path to profitability. these initiatives, which began in january 2024, include a workforce reduction that will impact approximately 14% of veritone's worldwide workforce, with the majority of these workforce actions being completed.
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