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Sierra Wireless starts cutting costs after Q3 still hit by virus effects

Friday 13 November 2020 | 11:55 CET | News
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Sierra Wireless reported results for the third quarter still impacted by the coronavirus pandemic, but said it is improving its operating efficiency and will be implementing a series of cost reduction initiatives. The company is looking to reduce operating expenses by USD 25-30 million on an annual basis. With the crisis making global business conditions uncertain, Sierra will continue not to give an outlook going forward.

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Categories: Mobile & Wireless
Companies: Sierra Wireless
Countries: World
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