CPSI commits to ~2% workforce reduction, expects $2.4M annual savings

TruBridge, Inc.

Reduction affects about 2% of workforce; notifications began Nov 1, 2023.
Restructuring in two phases: some effective Nov 1, others exit through Q1/Q2 2024.
Estimated total costs of $2.5M: $0.7M in Q4 2023, $1.8M in H1 2024.
Expenses include severance and healthcare benefits for terminated employees.
Annual savings of approximately $2.4M after implementation.

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