Feb 2, 2023 10:25:01 AM
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Feb 2, 2023 10:25:01 AM
CRN: Cyren is cutting “substantially all” of its staff with layoffs of 121 employees as the cybersecurity vendor says it is exploring an asset sale or liquidation, the company said. The publicly traded company said in a news release that “existing cash and projected cash flows from operations will not be sufficient to meet the company‘s working capital needs in the near term.” The company’s stock price fell 44 percent, to 42 cents a share.
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