IkeGPS cuts staff by 19%, posts $6.9m HY loss
Pole measuring software provider says communications market slowdown has affected revenue, but long-term trend still positive.
IkeGPS’s technology specialises in measuring utilities poles.
IkeGPS Group has cut about 19% of its total number of employees – mostly US-based back office and service roles – to keep it on target for achieving both earnings and cash positive operations.
The NZX and ASX-listed company – whose technology helps utilities such as lines companies manage
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