Qualstar (QBAK) Announces 13% Workforce Reduction
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Qualstar Corporation (NASDAQ: QBAK) announced a 13% reduction in workforce late last week related to the end of life certain unprofitable, legacy product lines and old drive technologies. This action is expected to result in annual savings of approximately $480,000.
This decision is part of the company's previously-announced strategic plan and one of many steps the company is taking to lower its breakeven and reach its target of profitability by fiscal year-end.
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This decision is part of the company's previously-announced strategic plan and one of many steps the company is taking to lower its breakeven and reach its target of profitability by fiscal year-end.
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