ARCpoint Inc. announced that effective April 1, 2023, the Company is enacting a headcount reduction representing approximately 30% of the Company's salary costs. The majority of these cuts will take place at the upper management and executive levels, allowing the Company to continue to serve its franchisees with the same direct contacts. It is expected that after accounting for severance costs and any needed new hires, this will represent cost savings of over two-hundred thousand dollars in 2023, with annualized savings of over eight-hundred thousand dollars going forward.
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04-29 | ARCpoint Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
04-29 | ARCpoint Inc. acquired a 60% stake in Achieve Behavioral Health Greenville, LLC. | CI |
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