Ispire Cut Jobs, Plans Further Cost Savings; Names Yu CFO

Dow Jones

05-16

By Katherine Hamilton

Ispire Technology said it reduced its workforce and is planning to cut costs further.

The maker of e-cigarettes and vapes said Thursday it saved $3.6 million in annual payroll in May after cutting jobs and ending several contractor agreements. It plans to reduce operating expenses by as much as $6.6 million over the next three months, bringing the total estimated annual savings to $10.2 million in fiscal 2025.

The disclosure came two days after Ispire said sales fell 13% and its loss nearly doubled in the fiscal third quarter.

Ispire also on Thursday appointed Jie "Jay" Yu as chief financial officer, succeeding James McCormick. Yu has served as Ispire's vice president of finance since June 2023.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 15, 2025 16:58 ET (20:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2535803041"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2535803041\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2535803041?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-16 04:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2535803041","market":"sh","top_or_hot":-1,"title":"Ispire Cut Jobs, Plans Further Cost Savings; Names Yu CFO","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  Ispire Technology said it reduced its workforce and is planning to cut costs further. \n</p>\n<p>\n  The maker of e-cigarettes and vapes said Thursday it saved $3.6 million in annual payroll in May after cutting jobs and ending several contractor agreements. It plans to reduce operating expenses by as much as $6.6 million over the next three months, bringing the total estimated annual savings to $10.2 million in fiscal 2025. \n</p>\n<p>\n  The disclosure came two days after Ispire said sales fell 13% and its loss nearly doubled in the fiscal third quarter. \n</p>\n<p>\n  Ispire also on Thursday appointed Jie \"Jay\" Yu as chief financial officer, succeeding James McCormick. Yu has served as Ispire's vice president of finance since June 2023. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2025 16:58 ET (20:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ispire Cut Jobs, Plans Further Cost Savings; Names Yu CFO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIspire Cut Jobs, Plans Further Cost Savings; Names Yu CFO\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-05-16 04:58</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  Ispire Technology said it reduced its workforce and is planning to cut costs further. \n</p>\n<p>\n  The maker of e-cigarettes and vapes said Thursday it saved $3.6 million in annual payroll in May after cutting jobs and ending several contractor agreements. It plans to reduce operating expenses by as much as $6.6 million over the next three months, bringing the total estimated annual savings to $10.2 million in fiscal 2025. \n</p>\n<p>\n  The disclosure came two days after Ispire said sales fell 13% and its loss nearly doubled in the fiscal third quarter. \n</p>\n<p>\n  Ispire also on Thursday appointed Jie \"Jay\" Yu as chief financial officer, succeeding James McCormick. Yu has served as Ispire's vice president of finance since June 2023. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2025 16:58 ET (20:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4075","symbol_name":"煙草","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535803041","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535803041","pubTimestamp":1747342680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Ispire Technology said it reduced its workforce and is planning to cut costs further.The maker of e-cigarettes and vapes said Thursday it saved $3.6 million in annual payroll in May after cutting jobs and ending several contractor agreements. It plans to reduce operating expenses by as much as $6.6 million over the next three months, bringing the total estimated annual savings to $10.2 million in fiscal 2025.The disclosure came two days after Ispire said sales fell 13% and its loss nearly doubled in the fiscal third quarter.Ispire also on Thursday appointed Jie \"Jay\" Yu as chief financial officer, succeeding James McCormick. Yu has served as Ispire's vice president of finance since June 2023.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4075":"烟草","ISPR":"雾麻科技"},"translate_title":"Ispire裁员，计划进一步节省成本；任命余首席财务官","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISPR":0.9},"content_text":"By Katherine Hamilton \n\n\n  Ispire Technology said it reduced its workforce and is planning to cut costs further. \n\n\n  The maker of e-cigarettes and vapes said Thursday it saved $3.6 million in annual payroll in May after cutting jobs and ending several contractor agreements. It plans to reduce operating expenses by as much as $6.6 million over the next three months, bringing the total estimated annual savings to $10.2 million in fiscal 2025. \n\n\n  The disclosure came two days after Ispire said sales fell 13% and its loss nearly doubled in the fiscal third quarter. \n\n\n  Ispire also on Thursday appointed Jie \"Jay\" Yu as chief financial officer, succeeding James McCormick. Yu has served as Ispire's vice president of finance since June 2023. \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2025 16:58 ET (20:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}