Troubled data services company Appen will slash a further $US13.5 million ($20.7 million) of costs from its business, including closing two North American offices, after losing a key contract with Google.
Appen has moved to stem its losses following Google’s surprise decision to terminate its $US82.2 million contract with the ASX-listed business, which caused the company’s share price to collapse.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com