LiveRamp to cut 65 full-time employees, or 5% of workforce

In a regulatory filing, LiveRamp (RAMP) said that on March 6, the company announced a workforce restructuring involving approximately 65 full-time employees, representing approximately 5% of the company’s full-time employees. “The restructuring is part of a broader strategic reprioritization to build a stronger, more profitable company by tightening our focus and simplifying and driving efficiency into our business processes,” LiveRamp said. The company added: “We estimate that we will incur approximately $6.5M of restructuring and related charges primarily related to employee severance and benefits, substantially all of which we expect to incur in the fourth quarter of our fiscal year ending March 31, 2025.”