TradeWindow (NZX:TWL) has announced proposed cost reductions to reduce cash usage to a sustainable level, with the potential to reduce up to one-third of its total roles predominantly relating to R&D roles.
The company has commenced consultation internally and is also exploring alternative funding sources.
CEO AJ Smith stated that they are focused on continuing to meet the needs of its customers and that market demand remains high.
Updated financial projections will be provided at the end of March.
TradeWindow also confirms that it has no exposure to Silicon Valley Bank or any other US financial institution.
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