Tecnotree completes the global business rationalisation and personnel-related restructuring.
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